Topic: BTC rally started to 17k? - page 3. (Read 372 times)
at such moments, I think it makes sense to evaluate only volumes on different exchanges. It is the technical analysis very bad work on finding a rebound, but works well in unidirectional trend, for example for sale and buy at cheaper price. I currently do not exclude the possibility of return at around 7300 to confirm this support level, because there was a serious volume. If it can withstand, and again bounce back and linger at least 1 week above the level of 10,000 (psychological mark) in this case, we can hope for a breakdown of the bearish trend.
I do not really understand the analysis of the chart movement of the bitcoin price fluctuations, but I believe that your analysis will happen because I'm tired of seeing the bitcoin price movement in the ever-declining market. I believe prices will not always decline and an upsurge will occur if we look at bitcoin prices a year ago which always rises when the end of March. Hopefully, your analysis is correct and if yes then everyone will be grateful to you who have shared the analysis.
I think the 9000-9200 resistance needs a positive momentum and a good news to get around 11700 then we will also need something positive in order to jump to 14000
I haven't been watching but was the G20 positive about bitcoin? The last thing I remember in the news last month was the the EU central bank want the summit to discuss cryptos. I think I saw a bit on TV earlier that the G20 want some regulations passed by July.
I think the 9000-9200 resistance needs a positive momentum and a good news to get around 11700 then we will also need something positive in order to jump to 14000
After a nice bounce back in 78.6 fib level and 300 sma (BTC price was 7300), BTC gain around 2k in last 48 hours.
According to the TA, again BTC retest the support at 200 sma which is at 8800. Now current wave will try to break 11800 (previous high) in next couple of days. I'm expecting some sidayway patterns before that. If BTC closes above 12200 in daily chart, I think that is the end of bearish trend we will see BTC rally to 17k before next correction.
What do you think about this analysis?
According to the TA, again BTC retest the support at 200 sma which is at 8800. Now current wave will try to break 11800 (previous high) in next couple of days. I'm expecting some sidayway patterns before that. If BTC closes above 12200 in daily chart, I think that is the end of bearish trend we will see BTC rally to 17k before next correction.
What do you think about this analysis?
Well we still not solid at around $9K and seeing some minor sell orders so I don't know if we can go and break the previous highs of $11700. Although I'm surprised to see it break $9K earlier and I didn't expect it to be done this early, so its possible that this is just a mental barrier that we need to break and maybe in the next 48 hours we will see the price going $9500.
After a nice bounce back in 78.6 fib level and 300 sma (BTC price was 7300), BTC gain around 2k in last 48 hours.
According to the TA, again BTC retest the support at 200 sma which is at 8800. Now current wave will try to break 11800 (previous high) in next couple of days. I'm expecting some sidayway patterns before that. If BTC closes above 12200 in daily chart, I think that is the end of bearish trend we will see BTC rally to 17k before next correction.
What do you think about this analysis?
According to the TA, again BTC retest the support at 200 sma which is at 8800. Now current wave will try to break 11800 (previous high) in next couple of days. I'm expecting some sidayway patterns before that. If BTC closes above 12200 in daily chart, I think that is the end of bearish trend we will see BTC rally to 17k before next correction.
What do you think about this analysis?
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