Hello everyone, the previous updates on BTC and ETH has been working perfectly please Go to my other updates for clarity.
Currently BTC is at the point of indecision.
Most people panic for small fluctuations in BTC.
Guys am gonna keep it very simple:
Scenario 1: We break to the upside right from here and start trading above 50D MA.Am expecting this could happen as MACD RSI are pointing to the bullish side.
(Must break above 9430 for that)
Scenario 2: We get rejected from here and test lower 8600 to 8800 zone break below 8600 we will test $8100 in my opinion this is the last drop before the momentum shifts completely to the Bullish side. Fundamentals are strong and only 65 days to go for the halving.
Am looking anywhere between $11300 to $12000 per BTC before the halving. This sideways price action will decrease the price target over the time if it keeps going sideways.
For now what am I doing?
I am just holding my positions and trading Alts by watching BITCOIN DOMINANCE CHART(This chart will also be updated soon).
If you think this idea is helpful for you please hit that like button. Do share your views, ideas and comments below. Let's share knowledge with the community and grow together.
Currently BTC is at the point of indecision.
Most people panic for small fluctuations in BTC.
Guys am gonna keep it very simple:
Scenario 1: We break to the upside right from here and start trading above 50D MA.Am expecting this could happen as MACD RSI are pointing to the bullish side.
(Must break above 9430 for that)
Scenario 2: We get rejected from here and test lower 8600 to 8800 zone break below 8600 we will test $8100 in my opinion this is the last drop before the momentum shifts completely to the Bullish side. Fundamentals are strong and only 65 days to go for the halving.
Am looking anywhere between $11300 to $12000 per BTC before the halving. This sideways price action will decrease the price target over the time if it keeps going sideways.
For now what am I doing?
I am just holding my positions and trading Alts by watching BITCOIN DOMINANCE CHART(This chart will also be updated soon).
If you think this idea is helpful for you please hit that like button. Do share your views, ideas and comments below. Let's share knowledge with the community and grow together.
Comment:
Highly likely this could play out, Reason being: 1. Fib level .618 could be retested and at the same level we have the lower trendline support.
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