Laxeno1

Bitcoin- the final down!

BITTREX:BTCUSDT   Bitcoin / Tether
it seems that market maker wants to make something like FOMO in bitcoin to sell his Bitcoin then drop it.
to be clear we have two important levels the first one is 0.786Fib (5755$) and 0.886Fib which is 3962.
if we break 5755 we will go to 3962 directly.
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**what should we do in such situation?**

**1-** for long-term traders:
-buy in any blood and make a good average.
-no one knows the right dip so don't wait for it, just buy and HODL
-just buy good coins with good projects( top 50 coins in coin market cap )
-if you can't wait for one year at least don't buy and just go out from this market if you don't believe in it
-weak hands will not win in this market.

**2-** for short-term Traders:
-we have a condition to buy bitcoin is to close 4H candle above 6300. (actually from 6400 to 6800 is a resistances so it's not a big deal in my opinion and I prefer to be safe and wait for the daily and weekly confirmation)
-if we break 5755 we will set buying orders from 4350 to 3962 without a stop loss. yes, just believe in bitcoin it's not bad to hodl for some time.

**Is it possible to break 4k level?**
it's impossible in my opinion to break it without real correction which is more than 30-40%
in general, I don't think we will go lower than 4k.

**need any help? just contact me at any time.**
**good luck** :rose:
Trade closed: target reached
Comment:
Comment: the worst scenario
Comment: possible scenario
Trade closed: target reached

Comments

Loving this chat mark up! Bearish!!!!
+1 Reply
cryptosaad cryptosaad
chart
+1 Reply
I was just wondering how you get the black lines coming down from the top left
Reply
Laxeno1 Larrycrypto
Reply
@Laxeno1, Thankyou, I see
+1 Reply
perfect right on!, had the same price points! fantastic analysis!
+1 Reply
Laxeno1 wolfdouchy
@wolfdouchy, Thanks brother.
+1 Reply
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