after reaching the 20k level. bitcoin started forming a down trend.
the bounce back from 10K level 2 weeks ago was kinda of correction. and I hoped the price to break the 15K level and have some support there to start buying, but didn't happen and we saw the head and shoulder formation and today we broke the 14k.
I would be cerful trading this form of price action.
so price list i have in my note is :
12145 $ buy if hold and TP at 13600$
10500$ if hold buy and TP at 11800$
below this price i would stay away as 8760$ level not that good support and we might see 7K.
7K level is good to buy as we had a good resistance and should be strong.
more to follow.
Good Luck All ,,,
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double top and we BTC couldn't break the trend line, down trend still valid ,,,,
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14K is the new resistance
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broke the trend line, However i will wait to see what would happen in the next few hours ...
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same move on ETHBTC
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14K Still holding,
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if we break the downtrend 25K target is active other than that we will see new lows
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TP 1 TP 2 hit. so i am waitng now to buy again between 8K and 7xxx
what do you think will be the move after 8k-7k? Do you think over 15k will still be possible in the next few months?
Faisal-Nagi
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@Fiyi77, well, yes i think it will go back to 14-16K
but it's all depends on the next few days.
i will update it soon
Fiyi77
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Hi, I bought BTC at 15,000 and was thinking of selling it at a loss now and maybe buying back in if it falls to 10,000 or lower. I am not very experienced so I wanted to ask you if you think this might be a smart option?