My thoughts on BTC/USD
I believe that the rally may continue to rise BTC to 9500 if the volume rises and retrace back to the key level of 5500 which is gonna be %40 pull back; BTC has showed such a pull back percentage since the parabolic rises (The rise of price more than 150%) started on 2015 numerous times till today. The parabolic rise takes about 120 days which i give the correction half the time which is 60 days. This way the 2015 scenario repeats itself and the BTC uptrend with find triple bottom which is more assuring for bulls to step in.
The BTC is healthier to pull back anytime soon, now that the BTC rang a bell these days, bulls are waiting for a long-waited pullback to step in again, plus the retrace would be healthy for Alts to breathe and rise a little bit. (Alt season)
Please comment your thoughts
I believe that the rally may continue to rise BTC to 9500 if the volume rises and retrace back to the key level of 5500 which is gonna be %40 pull back; BTC has showed such a pull back percentage since the parabolic rises (The rise of price more than 150%) started on 2015 numerous times till today. The parabolic rise takes about 120 days which i give the correction half the time which is 60 days. This way the 2015 scenario repeats itself and the BTC uptrend with find triple bottom which is more assuring for bulls to step in.
The BTC is healthier to pull back anytime soon, now that the BTC rang a bell these days, bulls are waiting for a long-waited pullback to step in again, plus the retrace would be healthy for Alts to breathe and rise a little bit. (Alt season)
Please comment your thoughts