Topic: BTCUSD daily analysis (Read 399 times)
Currently price of BTC stagnan with low volatility, but with upcoming good news will make the price back to high volatility. The price will possible going up 100% in less than 1 month. Bitcoin stay strong above $6000 after crash in january and this mean that level support is very strong and BTC have potential to going up.
We can’t expect up trend at the moment. But we can expect down sure. Bitcoin price now already below $6600 and no chance for go up. No news or investment can make a big change for up I think. Bitcoin never can touch the pick again I think. It can make a balance with real currency. When it goes equal with real currency than only can stop its drop. Otherwise we can see regular up and down movement and finally down.
The resistance line of the local downtrend was broken. Now, most likely we are moving to the previously indicated goal - 6600.
Now the 4-hour timeframe shows a divergence. Most likely it will be from the current levels of its development. From the levels 6200 - 6300. The first target is $ 6600.
I agree, mkt was ovesold and a reaction was imminent, the point now is to see the next move, I believe many are waiting to sell, so next upmove is limited unless a spike above 8000 happens, stay tuned!
oh I'm really looking forward to the price breaking through 8000 because I'm preparing for the new year, but I still want to hold my bitcoin up to the price peak like last December 2017 and enjoy the new year with enough profit to buy food and drinks hehe lol, because i only buy $100 in October 2017
I think that now the next correction. For more than two weeks the price of bitcoin is in the ascending channel, so I consider this price reduction as normal. Moreover, the price is still in the ascending channel, so at the moment there is no need to panic. Of course in the near future, anything can happen, but I expect that soon the price will continue its upward movement.
To be honest yesterday I came across a post on the forum which said that the market is now beginning to unfold but now I see the opposite and it is possible that it can go even lower ! But maybe I'm wrong and tomorrow will start again bullish movement !
I was expecting this drop a bit earlier, around monday since in past weekend the BTC was in overbought with RSI in the range 70-80. Probably the overbought situation mixed to that story of "sleeping billionaire BTC wallet" awakened today after 4 years, the big Silk Road fund selling orders (100k BTC) brought us to this bloodbath. Anyway it's just a matter of time, in my opinion the BTC will climb soon to 8000$, I don't know about the alts, probably they still suffer a bit more.
I just saw on daily news that bitcoin lost almost 500$ just within few minutes. The even was so big that our TV even announced it! What is the possible reason of the fall? I already thought that bitcoin finely turn to bull run, but now again...
no reason some claim was news that GS dropping decision to start crypto trading desk
but as i explain to my video its just usual correction
I just saw on daily news that bitcoin lost almost 500$ just within few minutes. The even was so big that our TV even announced it! What is the possible reason of the fall? I already thought that bitcoin finely turn to bull run, but now again...
Also see why I used an indicator as I usually dot use them as they dont work most of the times! 
https://youtu.be/-xy5H6eGmYw
https://youtu.be/-xy5H6eGmYw
Nice call...see my newest video regarding today's crash!
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Looking at ETH/BTC price chart it seems that BTC will have a great dump soon.
Looking at ETH/BTC price chart it seems that BTC will have a great dump soon.
New analysis, like and subscribe to my channel if you like, more educational videos with TA lessons will follow!
https://www.youtube.com/watch?v=k1zzevVwZwo
https://www.youtube.com/watch?v=k1zzevVwZwo
I think at the moment not so well time for doing analys is on the hours. Right now BTC push away and becoming to grow trend or breaking 4000 and becoming very deep correction.
BTC reacted upwards as excpected after the 7250 breakout...next resistance 7650-7700 zone
https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/
You can see that at the moment the bitcoin price has adjusted to $ 6500 and is still slightly increasing, but according to my analysis, it has not increased strongly and bitcoin prices can continue to drop sharply at any time. any. According to my analysis, the bitcoin price could drop to $ 5200 and then recover to $ 7000. https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/
Great and comparative amount would be around $1,000 but the cryptocurrency is so good that you can begin basically from $100 and the only difference would be the velocity of you getting success from your trade.
BTC reacted upwards as excpected after the 7250 breakout...next resistance 7650-7700 zone
https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/
We are anticipating that bitcoin would not go under $7,000 but yet it goes even deeper and right now we're having bitcoin by $6,000 and nobody cannot predict that except the whales who are manipulating that price. https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/
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