Bitcoin has touched 15440 and then moved high to 16580, now it should hold 16200 for further upward movement. If it can't hold 16k area and retest the 15440 then it will lead to further decline.
Bitcoin is still in bear flag and big whales will try pump it more to get a good position for sell. There could be some fake pump and Bitcoin can retested 17000-17500 before going more down.
Bitcoin main support is 15300 and Bitcoin has not touched its bottom till now because no one know how much it can go down but if you see the over all market and Bitcoin chart you will see that if it break 14k area then 10k will be the crucial for Bitcoin and buyers. At this time buyers and sellers both want more down.
Bitcoin is still bearish till its new low of 14000 and may be more down to 10k. In a big picture I think there could be big pump after testing 13K-14K area.
It will be bullish whenever it will cross 30k
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Bitcoin is still in bear flag and big whales will try pump it more to get a good position for sell. There could be some fake pump and Bitcoin can retested 17000-17500 before going more down.
Bitcoin main support is 15300 and Bitcoin has not touched its bottom till now because no one know how much it can go down but if you see the over all market and Bitcoin chart you will see that if it break 14k area then 10k will be the crucial for Bitcoin and buyers. At this time buyers and sellers both want more down.
Bitcoin is still bearish till its new low of 14000 and may be more down to 10k. In a big picture I think there could be big pump after testing 13K-14K area.
It will be bullish whenever it will cross 30k
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!