With this new-week-open soon then with the new-month-open i am looking for bitcoin's-price trading downward for the $27,000 level. For the caution once there as price could trade into the $25,000 level. This is where i will buy and trade for the $37,000 level.
Look for the buy anywhere lower than $19500 through $19100 as price has resisted lower at this time. When the traditional-markets show there hand at opening-bell then more information will be available. However, for the memory-minder Bitcoin is the solution of failed-fiat-money. Rules without rulers.
With the coming Central-Bank-Digital-Currencies roll-out and the rising Interest-rates this brings bitcoin down into a discount level. From the $22,260 through $19,600 are discount levels and the old high should hold.
Same play - i'm accumulating longs sub $8000. will monitor price back to $8200 and still seeking 8700-$9050..as we move into October price my not come back to this level.
with Friday closing above $8140 (bitstamp) i'm long up to at least $8700..if price closes below $8140 this idea is off..i have an order at $7250 in case price is driven downward and this turns out to be a brief run up..several targets to the upside due to the flash drop in price. I feel this was for the BAKKT trading platform launching. remember the bitcoin...
Since the mid week consolidation lows, price broke out yesterday to make a second hi (double top) of the week and today has closed above yesterday's hi. each day's price action is delineated with a purple line.
I think price will return to the weekly opening (red line) and go above the double highs. price may stall at $11000 or prior, but i think we're going higher.
my idea is an entry long here. the monthly low is in, support at $10,200 was tested. now let's see what the monthly high will be. continued bullish momentum is above $12,400. watching this level close. a test of last month's high could lie ahead.
my last level ( $9950) was blown thru with force, when price re-traces to these levels i believe we'll see $13k soon after. hash rate is at ATH- QE is is full force. Bitcoin halving coming soon and very scarce asset!
Price isn't racing for $12k which leads me to believe price will return to $8500-$8475 area before heading for $13k. My yellow horizontal lines are the monthly opening price, notice June's opening price. wait for $9800-$9950 area to short
Entering long here, my idea is price will trade to mid $12,000. possibly $11,700. As a guide my lines are daily (Purple), weekly (Red) and monthly (Yellow) opening prices. Price action Sunday night will help to determine market sentiment. We could trade down to $8700 level and if tonight's price action trades lower and closes the next H4 candles under $10,300...
This is a good area to go long, wait for $10,080-10,180 level. I'm expecting price to stall at $11,500 and will evaluate from there. I'm looking for $8600 level if price does not close above $12,500 this week.
$11360.00 is a good price currently if you didn't fill at $11.089. My idea is the recent highs will become support through the weekend and on to the $14,000 level into August. I think price has settled higher than $10k. I'll be happily surprised to see it trade lower.
My idea is price will trade to $11,500 and gain a foothold above $12,000 this week. Unless QE is reversed bitcoin price should continue to rise. look for any discount at $10590-$10,650.
My idea is price will go lower and provide a nice discount over the next two days and into the new week. Once price breaches $8912, I will look for the $8500 level and potentially $8350 as the ultimate discount. Before this happens price could reach back up into $9250 area.
over the short term my idea is price will run back up to the $8300-$8550 area. with this new week starting I will watch to see how price reacts over the next 4h bars into Monday and Tuesday. $7500 is a very attractive.
