Heavy BTC resistance at $20k - page 7.

NeuroticFish

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Quote from: cryptoadviser on November 30, 2020, 10:16:37 AM

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

Really? No. When Bitcoin is close to the point of breaking out best is to move the coins into Bitcoin and wait a little more.
I don't expect all those walls stay there, although some may sell again big at nearly 20k. But since Bitcoin has recovered that in 5 days, the upward pressure is .. big.
All in all is by far the worse moment for shilling altcoins.

cryptoadviser

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Quote from: mk4 on November 30, 2020, 10:21:27 AM

That's quite a thick sell wall on BTC:USDT on Binance. But seriously though? $19,700 was just as thick just a few days ago. I wouldn't be surprised if we actually break $20,000 real soon(though I wouldn't bet on it).

https://i.imgur.com/43jpko5.png

https://www.binance.com/en/trade/BTC_USDT

I know. But I think there is going to be a lot of selling around this price. Which means investors will liquidate some money and after a couple of resistance, move money to altcoins which will rise.
Got all my clients packed with ADA and other crypto for that matter.
On the other hand, as a trader, I need to be prepared. Above $21k, new speculative investors will return. Magazines will start writing again. New high to be made. I will move to bitcoin again after $21k.

mk4

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