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Topic: BITCOIN price ate all SL's above 7300$ and 7450$ way down opened - page 2. (Read 316 times)

legendary
Activity: 2170
Merit: 1427
in my opinion bitcoin will experience a short-term increase, and if the price cannot get past 8000 it will probably decrease again

It depends on what time frame you are looking at, but it could just as easily print another lower high by topping out at $9000 or any other level below the peak of the 40% "China pump".

The bullish nature of stocks hasn't done anything for Bitcoin despite some people saying it will lift Bitcoin up as well. Stocks keep printing new all time highs and Bitcoin keeps falling. Clear indication that money is only interested in buying assets that go up and ignore that what goes down. I can't even blame them. Money is better off in stocks as we speak.
sr. member
Activity: 1918
Merit: 268
20BET - Premium Casino & Sportsbook
in my opinion bitcoin will experience a short-term increase, and if the price cannot get past 8000 it will probably decrease again, but that is just an analysis, it can be wrong, it can also be right, believe in yourself, don't follow other people's opinions too much.
what you say is true, I see sometimes bitcoin falls below $ 7,000 and some time above $ 7000 and it continues for a long time even it keeps repeating because bitcoin prices do not yet have certainty about further prices, but I also don't know maybe after the new year will comes a better price boost
sr. member
Activity: 812
Merit: 257
in my opinion bitcoin will experience a short-term increase, and if the price cannot get past 8000 it will probably decrease again, but that is just an analysis, it can be wrong, it can also be right, believe in yourself, don't follow other people's opinions too much.
jr. member
Activity: 154
Merit: 1
Today there is a lull of the Bitcoin cryptocurrency and this affects the trading of Bitcoin. I think that Bitcoin needs to overcome the $ 7,800 mark and then the bullish mood will come.
newbie
Activity: 2
Merit: 0
https://cdn1.worldpng.ru/uploads/2019/12/28/06d63f8d3bc8de4b60cb1730dfdfe993-full.png

Reasons:
- Price ate all SL's above 7300$ and 7450$
- I expect further decline price
- Also scenario with big H&S pattern is valid
- Always do your own research before opening positions

What do you guys think?
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