Topic: BTC at its previous resistant. What will happen ? - page 3. (Read 408 times)
I have heard that the Reserve Bank of India intend to ban the crypto currencies next month. Probably, this negative news impact on the price of Bitcoin and other crypto currencies now. BTC (-3%) is shown as a quite resistant in comparing to altcoins (-11%). It isn't going down lower than $9000 yet, and this is its current resistance level.
Currently if you take a look at the BTC weekly chart you will see that the price of BTC is at its one of previous resistant level. And we have 3 price rejection signs too. What will hapen next ?. Will BTC go down again ?.
yes, Bitcoin is going to go down a bit and from gather momentum that will enable it to break that level as it has been happening in most of the resistance level especially the popular level. I was thinking last week when we were having serious pumping that bitcoin is going to stop it immediate pumping at $10,250 but that has not happened and since this week it has been limited below $9500. Any negative news is going to bring the price down and positive one will push the price forward. 
This is a silly question, BTC at its previous resistant than if you really learn how to trade using technical analysis than you would sell your bitcoin when there is a breakout to the downside. Unless you're holding and looking at higher timeframe than weekly chart, then you should still holding as there are no sign of monthly downside overturn.
Currently if you take a look at the BTC weekly chart you will see that the price of BTC is at its one of previous resistant level. And we have 3 price rejection signs too. What will hapen next ?. Will BTC go down again ?.
If anyone knows the answer to question such as this, then such individual just need one opportunity to be rich, then exit the market afterwards as that is the key to every problem facing crypto trading but unfortunately, anybody who offer some answers is only guessing then hoping that he is either wrong or right. The fact is that the point at which price is currently is not enough to maintain huge resistance of not going lower with innate opportunity to rise as well.
Currently if you take a look at the BTC weekly chart you will see that the price of BTC is at its one of previous resistant level. And we have 3 price rejection signs too. What will hapen next ?. Will BTC go down again ?.
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