There's no guarantee in anything. But I think something similar to this is very likely. The price might not go down, so don't sell it, cause you might miss a big upside. Just keep holding. Traders, do your own thinking. I'm here trying to make some predictions on very simple resistance and support levels. My idea is to keep it simple. Might do more of these not...
Last times Bitcoin were above 10 000 it was no more than 50 days.
This time the 50 day period ends on 10 december.
If this will hold most possibly we will have a new rally to 40 000
Otherwise the crush to 4000
Similar to March there will be a one week window to sell before the parabolic crush will start, that will be worse than in March.
In March it was just a psychological crush - fear from uncertainties...
Now there the real effects of lockdowns with millions of bankruptcies worlfwde will be visible.
-no vacin till end of the year
-new lock downs
Hello Wonderful person!
We saw a very good break out and turned the resistant line in to proven support line, which is awesome!
There are a couple of concerns with some indicators that momentum is fading off, but lets see if there will be more strength added this week. (dont forget to check the RSI).
Interesting pointers are the new fib retracement that almost...
Trend analysis versus range analysis.
Price moves in waves, not strait lines.
You can see the two key potential supply/profit taking zones. You dont want to buy when the CO is selling. Where does the CO sell? Where does the CO buy?
Buy low/sell high right? If you miss it or it fails to meet criteria, depending on your personal risk tolerance you let it go.
Hello wonderful person!
Now it is breakout point one way or another.
Either the current trendline will hold and the resistant line is broken.
OR current trendline is broken and resistant line is holding, which means next price is 12200 Euro; but might bounce at 12950 Euro (depending on the strength)
My indicators point more towards a correction, and we will...
The following is NOT financial advice:
Still feels like mainstream is not aware of the interest savings options available these days. On the Nexo platform they recently raised their interest rate another 2% and you can now earn up to 12% compound interest in stable coins and fiat currencies and a whopping 8% on crypto assets. Paid out daily! The highest interest...
Hello, I would like to reach level 5 reputation in order to be able to chat with others on live chat so that I can learn and ask the right questions. So I made this chart, but I don't have a lot of knowledge. This is why I would like to be able to chat with other traders on live chat. Thank you .
We already break horizontal resistance and upper Bollinger Band on 1h chart ... on 4 h and daily price hold above basis Bolinger Band... RVI and RSI rise ...short pozitions on exchanges falling... that looks bullish to me ...
Nobody talks about it but look at this lower shadow on nov 22.
It seems to ONLY show on EUR/BTC chart. I don't know how that's possible
but it shows that the price did go as low as 13200 EURO for a brief moment.
So I think the price might still go lower because of that.
That shadow doesn't look very nice..
BTC has drop today 26-11-2020
I think we gonna see 1 more drop comming.
Retest support zones: €11.300 , €10.800, €9.200.
If we hold €14.300 20MA Line on Daily we cam have a 20/25% Spike up, that will bring us to €18.000 New All Time High!!
A quick look at the 4 hr chart for BTCEUR. A good chance of increasing price in the next day or so if the support holds. From the chart I think we have a good chance at moving up higher. Off to an ATH or a deeper correction--what do you think?