BITCOINUSD Something big is going to happen after a long time
Updated
Hello Guys !
This is BTCUSD 1 Day Chart , from Feb 2018 to today from where Bitcoin made a falling wedge by continuously making lower high and 2 times lower low.
Every time when Bitcoin made a correction it did a FIB level 61.80% reversal, three times but Bitcoin didn't make any lower low this time like it did previously, Now the end of the wedge and the descending triangle is approaching and we have 2 resistance level 1st one is $6600 and 2nd one is strongest one $6800 and the main upper trendline and we have 2 main support level 1st one is $6000 and the 2nd one is $5800.
Now, possible movement of bitcoin is Bitcoin can test the 61.80% Fib level $6800 and make a lower high and a correction like it previously did. (If $6600 break most likely will go to $6800)
Points to keep in mind :
1. If bitcoin break the upper trendline we can see a massive rally up to $9400-$10200 but not a bull run, its not necessary than every year a bull run will come, if someone is predicting and telling bitcoin will go to $20000, 50XXX & XXXXXX by the end of the year without any reason or whatever at this time its just nonsense.
2. If Bitcoin break the $6100 & $6000 it will test the 2nd support 5800$, if it also break the $5800 then we can see capitulation and unseen market volatility and all the retail investor and trader who came in late 2016 and beginning of 2017 will be out of the market. This time is for only Whales and institutional investor they will fully control the market.
3. 5800$ is the Moving Average(MA) support in the monthly candle of bitcoin.
4. if $5800 break we can see Bitcoin between $3600-$4200.
5. We will get an idea before 2nd week of Octuber 2018 which level the market will go .. So, be very careful at this time.
Hope you guys understood the analysis. Please support by hitting the like button and follow us.
-Thank You
This is BTCUSD 1 Day Chart , from Feb 2018 to today from where Bitcoin made a falling wedge by continuously making lower high and 2 times lower low.
Every time when Bitcoin made a correction it did a FIB level 61.80% reversal, three times but Bitcoin didn't make any lower low this time like it did previously, Now the end of the wedge and the descending triangle is approaching and we have 2 resistance level 1st one is $6600 and 2nd one is strongest one $6800 and the main upper trendline and we have 2 main support level 1st one is $6000 and the 2nd one is $5800.
Now, possible movement of bitcoin is Bitcoin can test the 61.80% Fib level $6800 and make a lower high and a correction like it previously did. (If $6600 break most likely will go to $6800)
Points to keep in mind :
1. If bitcoin break the upper trendline we can see a massive rally up to $9400-$10200 but not a bull run, its not necessary than every year a bull run will come, if someone is predicting and telling bitcoin will go to $20000, 50XXX & XXXXXX by the end of the year without any reason or whatever at this time its just nonsense.
2. If Bitcoin break the $6100 & $6000 it will test the 2nd support 5800$, if it also break the $5800 then we can see capitulation and unseen market volatility and all the retail investor and trader who came in late 2016 and beginning of 2017 will be out of the market. This time is for only Whales and institutional investor they will fully control the market.
3. 5800$ is the Moving Average(MA) support in the monthly candle of bitcoin.
4. if $5800 break we can see Bitcoin between $3600-$4200.
5. We will get an idea before 2nd week of Octuber 2018 which level the market will go .. So, be very careful at this time.
Hope you guys understood the analysis. Please support by hitting the like button and follow us.
-Thank You
Note
This is MANABTC Chart I posted this on 13th and 17th September going exactly according to the chart I have posted.
Note
Note
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