Dear friends, I congratulate everyone on the upcoming (or already coming) new year! I wish you all your desires and goals to be fulfilled!
Feel free to go to new heights, achieve, never give up, win! Happy New Year 2020 !!!
In the last day of the outgoing year, I will share with you my vision of the market, and I will also try to answer the question that interests many: “Where will Bitcoin go?”.
In general, my analysis of December 28 is still relevant. The coin is still moving in the flat 6500-7400, between two moving 100 and 200. Based on the CME limit levels, we can see that the most important areas are $ 7030 and $ 7260. Fixing the price for these zones will be able to say: in which direction an impulse will occur. In general, after the setup of December 28, and aggressive purchases, the advantage is still on the side of buyers.
Also, it is impossible not to notice such a signal as an inverted head on the day, but it can only be traded after confirmation, namely after breaking through the neckline.
To summarize, the priority is now on the side of buyers, and until the price has fixed below $ 7030, I highly recommend not selling.
In my opinion, the best option for now is to keep a long.
Stop at $ 7030, a coup at $ 6950. Target for short $ 6720.
All profitable transactions, dear friends!
Subscriptions and likes at will *:
Feel free to go to new heights, achieve, never give up, win! Happy New Year 2020 !!!
In the last day of the outgoing year, I will share with you my vision of the market, and I will also try to answer the question that interests many: “Where will Bitcoin go?”.
In general, my analysis of December 28 is still relevant. The coin is still moving in the flat 6500-7400, between two moving 100 and 200. Based on the CME limit levels, we can see that the most important areas are $ 7030 and $ 7260. Fixing the price for these zones will be able to say: in which direction an impulse will occur. In general, after the setup of December 28, and aggressive purchases, the advantage is still on the side of buyers.
Also, it is impossible not to notice such a signal as an inverted head on the day, but it can only be traded after confirmation, namely after breaking through the neckline.
To summarize, the priority is now on the side of buyers, and until the price has fixed below $ 7030, I highly recommend not selling.
In my opinion, the best option for now is to keep a long.
Stop at $ 7030, a coup at $ 6950. Target for short $ 6720.
All profitable transactions, dear friends!
Subscriptions and likes at will *:
Comment:
Comment:
Update:
Earlier, I wrote that, when breaking through and consolidating below $ 7030 (the main support zone), a further price reduction will follow, therefore I recommended to roll over in the designated zone. At the moment, buyers need to drive the price for $ 7150, otherwise we will see a new local minimum to the main demand zone of $ 6600-6700.
Earlier, I wrote that, when breaking through and consolidating below $ 7030 (the main support zone), a further price reduction will follow, therefore I recommended to roll over in the designated zone. At the moment, buyers need to drive the price for $ 7150, otherwise we will see a new local minimum to the main demand zone of $ 6600-6700.
