Bitcoin's recent breakup has made us very sad. While we were waiting for 14000, we suddenly found ourselves in 10 thousand. Now I think the drop in Bitcoin is over. I think he will at least take a pullback.
Bitcoin's bullish walk was obviously a surprise to me. The lowering triangle, which did not hire one lap, finally broke and we fell into the bull rally. Now let's see what will happen next. When I examine the graph it still looks bullish. Of course, nobody knows what market makers will do. Ours is just a guess.
Bitcoin has not high volume. So I believe it will fall. Also, stochRSI is on the hill for 4 hours. However, there is also the possibility of breaking up because the trend is upwards. What are you thinking about Bitcoin's direction?
Hi everyone, I think bitcoin will down because :
We have done a lot of try to 10k and we could not succeed in any of them. In some, we did not even try 10k. In addition, the volume is decreasing gradually.
People do not provide support to exceed 10kof this price. Of course, If we would have bitcoin exceeded 10k dollars then people would buy bitcoin.
I think that the rise of the last ADA was voluminous and balloon rise. Due to the weak appearance of Bitcoin, this absurd bullish rise of ADA will come to an end and the trend will change in the hour.
I drawing short position resistance.
I create a Fibonacci and drawing down and upper trend line. I think Bitcoin will be rise but we know the bitcoin and the price of bitcoin most of time is not certain. Only I want to draw short resistances.
The alternative long position graph is here, you can look at this URL...
This support area is so strong because has
- Fib support 0.236
- 1D MA50
- 1D MA200
- Up trend line
I think the market is so panic and I do not know why do this. Traders do not believe break to 10k $ resistance but we can not forget this. After this we are bullish season.