Bitcoin has reached a crucial support and bounced back..
After all this time we have been predicting when the major uptrend will continue and we will breakout of the new higher lows we are forming from December 2017
in past at end of 2013 we did a 85% drop from the high
still from december 2017 drop we are at 70% drop...
According to these all time trendlines we can bounce from any of it and break the higher lows...
Still we have room to go further down to 5k (which is also a very good support from past)
Regulations about crypto will be decided in july 2018 ..if we get positive result about that.. bitcoin can make new highs..
As per my strategy i m buying from 7k and will continue to buy dips ,,, until we resolve the regulation issues..
After all this time we have been predicting when the major uptrend will continue and we will breakout of the new higher lows we are forming from December 2017
in past at end of 2013 we did a 85% drop from the high
still from december 2017 drop we are at 70% drop...
According to these all time trendlines we can bounce from any of it and break the higher lows...
Still we have room to go further down to 5k (which is also a very good support from past)
Regulations about crypto will be decided in july 2018 ..if we get positive result about that.. bitcoin can make new highs..
As per my strategy i m buying from 7k and will continue to buy dips ,,, until we resolve the regulation issues..
Comment:
Comment:
Daily engulfing candle is a good sign for further upward movement
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