---- Short-term Analysis for the next coming days - Hourly Chart (LOG)-------
BTC/USDT: Bullish set up above 18800
Context - The BTC reversed up above yearly key support at 18880 (excess 17900) before drawing a start of bullish reversal - The short-term upside potential is 24400 for now (tactical upside confirmation level on the mid-term basis)
Market configuration
- Graphical Elements : Graphical Resistance = 24400 & 21700 Graphical Support = 18800
- Mathematical Indicators: EMA ( Exp Moving averages) are resistance at 21700 = Bearish RSI indicator (below) is progressing within a bullish channel = bullish
- Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (4) has been already reached = 18800 Fibonacci support of the wave in progress = 18800 Fibonacci Bullish Target = 24400 Fibonacci Bearish Target = 16600
Conclusion
Preferred case => As long as 18800 remains support, we are focus a bullish upside swing towards 21700 and 24400 the tactical upside confirmation level Alternative case => Breaking 18800 new bearish attack towards 16600 will occur
i diasagree with you and i think bitcoin will drop to 10000
Dlna99
⋅
@mohsenshahid, lol like always I not agree, I agree ..I think but dont think ..10k, 8k, 5k, 30k, 50k ..everybody trying to be smart and clever but reality is: nobody nothing knows ...whales decide and thats it ....dot. BTW if its drop to 5k or 100$ so what?? Or go up to 100k ..so what? We love folks whose creating panic..aaa they mean reality lol..own lol
JeanJean1983
⋅
@mohsenshahid, the most important is to set a stop to your view :) Below 100K the BTC go to 10K? or below 21700? or 30000? Me i bought the bottom and to day i'm adding becuase i know that if we comme back to 18800 i will cut with a very small amount of gain and if it go up i will make money... then if it broke 18800 fine i let it go down i don't care :)
mohsenshahid
⋅
@JeanJean1983, i am trader and not an investor . so trading like this is a mistake for me
mohsenshahid
⋅
@JeanJean1983, i had warned my followers at the highest price that the price wuold be 18000
mohsenshahid
⋅
@JeanJean1983, i suggest you be more careful now. we will probably not see sinificant price growth in the next two years.
Dlna99
⋅
Echhh today 2nd of June exactly 8 years ago Silk Road 1.0 with Tim:)) pure, clear and obvious times; now most are only kids and chickens whose believe they know everything about future with not understanding one simple basic crypto rule. LOL: they suggest but not suggest, not agreed but agreed, coins can goto only two directons!!!!! rly? hahaha , they got crystal ball they are another crypto Jesus - most everyone!!! BUHAHHAHA. .........BTW yup also how Jean (one of a few peaceful person here with own targets not trying to suggest anything to anyone, just clear info) wrote important is to set a stop to your view and don't care. yup.....(it's looking like Fed is close to finish his job, not this months (75 again?) )