BTCUSD Decision time... (dated: 17/09/2018)
Updated
For the past few months we have been observing BTC ranging in a closed range with making lower high and found a Demand zone near 6000-6200 price range, for Short Term trading I expect BTC to rise upto 7000-7100 Price range , which will be the " DECISION ZONE" for the next month .
According to the chart we have Two Scenario ::
1) BTC breaks the 7000-7100 range , it can be expected to rise upto the 8500 and 10000 respectively as Target 1 and Target 2, and a major decline back to 6000 range where it could make a flag for more downside as a continuation short trend, and reach my Target 3000 ( which I have predicted 9 months ago).
2). BTC can drop from the " DECISION ZONE" , then make a continuation downside pattern and break the demand zone and reach my target " 3000".
Anyway , in any of the scenario listed above , i am expecting my target(3000) to reach , whether with a retracement or continuation of downtrend.
After the price has reached 3000, I expect a reversal on BTC and where bulls can take over and BTC could be trading in the range 16000-10000, in the near future.
Disclaimer: All trade alerts are considered personal trading ideas and suggestions on behalf of Anurag Jaiswal, therefore all final trading decisions are made by you. Anurag Jaiswal will not and cannot be held liable for any actions you take. Understand that when trading in the financial markets, there are monetary risks at the same time there are monetary gains.
According to the chart we have Two Scenario ::
1) BTC breaks the 7000-7100 range , it can be expected to rise upto the 8500 and 10000 respectively as Target 1 and Target 2, and a major decline back to 6000 range where it could make a flag for more downside as a continuation short trend, and reach my Target 3000 ( which I have predicted 9 months ago).
2). BTC can drop from the " DECISION ZONE" , then make a continuation downside pattern and break the demand zone and reach my target " 3000".
Anyway , in any of the scenario listed above , i am expecting my target(3000) to reach , whether with a retracement or continuation of downtrend.
After the price has reached 3000, I expect a reversal on BTC and where bulls can take over and BTC could be trading in the range 16000-10000, in the near future.
Disclaimer: All trade alerts are considered personal trading ideas and suggestions on behalf of Anurag Jaiswal, therefore all final trading decisions are made by you. Anurag Jaiswal will not and cannot be held liable for any actions you take. Understand that when trading in the financial markets, there are monetary risks at the same time there are monetary gains.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.