We are in up trend with BTC daily time frame. And is divided into 2 groups Miner and Investor
The miners are trying to sell out all the BTC they hold below the 19500 zone while investors buy all the BTC miners are selling. So BTC can move in the 19550 - 16000usd sideway zone in the next 30 days. This possibility I will not mention. Because it is time for altcoin, a new session for altcoin growth.
I just mentioned two issues that the miner will win or the investor will win in the mid-term trend. For the long term, BTC will still rise until it is completely cleared.
Case 1: BTC fell, we sold from 19500, 18500 and currently the price is stopping at 18000. You can hold this short order to:
The nearest target is 16800-17000
The second target is 15600-16000
The third target is 13250-13750
My favorite target is 7000-9000.
Case 2 : Investor wins and BTC will increase.
If the investment team wins, I think BTC will not increase now,
- First BTC will return to the 19700-20000 zone again in ~2 weeks
- After that, it will return to the area 18300-18600 and continue to grow to 25000usd in the near future.
The horizontal lines on the chart will serve as resistance and support levels. At these lines you can enter the throwback command and pullback with the target of the lines above or below.
Good luck and safe trade.
DO TRUNG QUAN.
The miners are trying to sell out all the BTC they hold below the 19500 zone while investors buy all the BTC miners are selling. So BTC can move in the 19550 - 16000usd sideway zone in the next 30 days. This possibility I will not mention. Because it is time for altcoin, a new session for altcoin growth.
I just mentioned two issues that the miner will win or the investor will win in the mid-term trend. For the long term, BTC will still rise until it is completely cleared.
Case 1: BTC fell, we sold from 19500, 18500 and currently the price is stopping at 18000. You can hold this short order to:
The nearest target is 16800-17000
The second target is 15600-16000
The third target is 13250-13750
My favorite target is 7000-9000.
Case 2 : Investor wins and BTC will increase.
If the investment team wins, I think BTC will not increase now,
- First BTC will return to the 19700-20000 zone again in ~2 weeks
- After that, it will return to the area 18300-18600 and continue to grow to 25000usd in the near future.
The horizontal lines on the chart will serve as resistance and support levels. At these lines you can enter the throwback command and pullback with the target of the lines above or below.
Good luck and safe trade.
DO TRUNG QUAN.