I expect that it's understood that entering now in any crypto market involving Bitcoin is a NO GO. It's just too dangerous.
I expect Bitcoin to drop by additional 15% - 29% within next days. This is not a bad thing because in order for us to make full recovery we need to test final low which would be our final re-tracement.
My previous chart below - not much changed, just a clearer path is not visible, we broke supports - going down
I expect Bitcoin to drop by additional 15% - 29% within next days. This is not a bad thing because in order for us to make full recovery we need to test final low which would be our final re-tracement.
My previous chart below - not much changed, just a clearer path is not visible, we broke supports - going down
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Can we get likes for support on this idea? Thank you for support!
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What do you think will be out bounce off point? Comment Below
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Wanted to do a quick update on Bitcoin today. We are still bearish, look at updated chart below
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Quick update guys today
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Here’s my quick take on Bitcoin. We have 50% waiting for $100 Bitcoin and then the other 50% waiting for a $100K Bitcoin. All I can say is that from the looks of it, reversal is due at any time now. That purple line is a very crucial support because we have been hopping along it for several month now. I feel that if we break it in solid fashion, we may test a new low this year of around $6,000 - nevertheless I see that for now we are above it and actually had a bounce a few hours ago. It is definitely working for now.
MACD is positive and RSI has room for growth. Moving Average is neutral at this point.
MACD is positive and RSI has room for growth. Moving Average is neutral at this point.
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