BTC decide above 5000 or below 4000

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
390 10
If BTC can not pass the previous resistance 4600, we will see new low (3600 - 3200 - 2800).
Look at the chart, USDT exchanges is the best exchange to catch the falling of btc . When all exchanges are same price, may be it's time for a pull back.
Comment: pass the first resistance, next is 4730 - 4750. Be careful with this level.
Low volumn show us the fear. People are not confident to buy here. But BTCUSD have alot of bear trap and bull trap. Be careful. Just trust on the signal with high volume
Comment: panic
Comment: 4000$ is key level. Below 4000$ will kick the panic sell.
Comment: People said that we have a fake news. But the price from china exchanges do not recover after dump. Be careful. Don't trust anyone.
Comment: likely 3200 touch
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agree.... If BTC can not pass the previous resistance 4600, we will see new low (3600 - 3200 - 2800 -0.52% ).
Good TA

INHO there's not enough $$ to push this higher, it need to accumulate and hit some fibos points. It's funny the cheerleaders always trying to get BTC to ATH every day. I'm guessing they're not 10X long with all their funds.
(and thus 4600 would be a little early to be sure about 5000, wouldn't?)
@fineregex, You can see in the chart, i just want to make it be simple. Break 4600, next resistance is 4750, then 4950. The breaking just saying that it maybe test the next resistance, i'm not sure about the TP.
fineregex nguyenphuctien
@nguyenphuctien, you mean $4654? Then we agree. So your title "above 5000" is just adjusted a bit to hype mood
@fineregex, The title it mean we will know the result that btc continue bull market or bear market soon. May be before this weekend. Above 5000 will start for next move to 6500 - 8000$ or higher, below 4000 will call the panic mod for bitcoin bubble 2017, and maybe btc will loss 80% of the highest value before it start a new cycle.
fineregex nguyenphuctien
@nguyenphuctien, thanks, what about 4600 or 4654 ?
@fineregex, 4654, the top of the previous pull back. sorry for this wrong
+1 Reply
@fineregex, I compare multiple exchanges, so i don't know the exactly which value is the right resistance, you should use the chart of your exchange.
agree. but a little short squeeze first i am afraid
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