Bit fall down further or just testing the supports then rally?
G'day Cript-fellas,
How's your trading going?
Today, I am publishing my idea to give you possible movements of Bit price.
Here are 3 points of view in regards to my idea
A. Fibonacci (red ranged from $3121 to 13920, white 13920-7246, blue 13920-6306.5)
B. Falling wedge (green)
C. descending channel (emerald)
1. Fib
Fib range from $3121 to 13920 shows there is a 0.618 Fib at $7246 which is a possible rebound point
$6306.5 also will be a quite realiable rebound point as is used for a stop hunting recently.
2. Falling wedge is as just as shown with green triangle that with down-trend line
3. Descending channel is going on and the mid-line is at rebounding atm.
Around 25th Oct or so, above 3 points will be crossed over at 7246, which may give you an FOMO to buy.
If it rebounded, whether it's actual rally or just dead cat bounce, we could target to $7900 where the horizontal resistance exists.
However, if the line broken, $6380 can be a support to buy BTC, even though it may be a short term trading.
I guess, Sep to Nov 2018 BTC were stayed for a long time in between $6400-6300, a number of traders were waiting to buy BTC around $6380 with open there mouse wide like hippos :)
Cheers!
JB
How's your trading going?
Today, I am publishing my idea to give you possible movements of Bit price.
Here are 3 points of view in regards to my idea
A. Fibonacci (red ranged from $3121 to 13920, white 13920-7246, blue 13920-6306.5)
B. Falling wedge (green)
C. descending channel (emerald)
1. Fib
Fib range from $3121 to 13920 shows there is a 0.618 Fib at $7246 which is a possible rebound point
$6306.5 also will be a quite realiable rebound point as is used for a stop hunting recently.
2. Falling wedge is as just as shown with green triangle that with down-trend line
3. Descending channel is going on and the mid-line is at rebounding atm.
Around 25th Oct or so, above 3 points will be crossed over at 7246, which may give you an FOMO to buy.
If it rebounded, whether it's actual rally or just dead cat bounce, we could target to $7900 where the horizontal resistance exists.
However, if the line broken, $6380 can be a support to buy BTC, even though it may be a short term trading.
I guess, Sep to Nov 2018 BTC were stayed for a long time in between $6400-6300, a number of traders were waiting to buy BTC around $6380 with open there mouse wide like hippos :)
Cheers!
JB
Comment:
There is one more thing to support my idea, which is yet to be confirmed but I could see the possibility of it. up-trend divergence.
Comment:
It seems the re-testing for the support trend line is successful.
It is yet to think for the shooting toward the moon though, it is time to put our brain to work further in order to trade alt coins!!!!
YKWIM?
It seems the re-testing for the support trend line is successful.
It is yet to think for the shooting toward the moon though, it is time to put our brain to work further in order to trade alt coins!!!!
YKWIM?
Comment:
Making an addtional remark is that bought it at $7430 and sold at $10150. YAY!
Making an addtional remark is that bought it at $7430 and sold at $10150. YAY!