[BTCUSD]Long term analysis of Bitcoin
Updated
Hello,
Some points I want to make sure:
-The Sentiment has changed and now we are in a Bull trend.
-BTC is going down now and it is GOOOOD, it shows that it is breathing normally.
-From Freb 11th, 2019 until Jun 24th BTC experienced a huge pump and since then it is "ingesting" the huge influx.
-I see the PA well healthy around it's equilibrium and getting ready for a new jump.
=======
- Volume going down
- Stock RSI just crossed down ( adds more credibility to BTC going down)
The 3rd resistance seams to be the most plausible for the scenario that we are looking at, but if PA jumps back up on the second line it will show more strength and determination from investors. it will coincide with SPAN B which will have more mean into it.
BTC leads, TOTAL2 follows, choose which one has more potential, invest.
This scenario is really what I think, but these are no financial advice. Invest only what you can allow yourself to loose.
** Forgot to add a major red support line, If BTC slips beneath the 3rd line so, worrrrrst case scenario would be around 6553$. But that's good!, it will be good time for Crypto Shopping. **
Accumulate, accumulate and accumulate.
Repeat...
Some points I want to make sure:
-The Sentiment has changed and now we are in a Bull trend.
-BTC is going down now and it is GOOOOD, it shows that it is breathing normally.
-From Freb 11th, 2019 until Jun 24th BTC experienced a huge pump and since then it is "ingesting" the huge influx.
-I see the PA well healthy around it's equilibrium and getting ready for a new jump.
=======
- Volume going down
- Stock RSI just crossed down ( adds more credibility to BTC going down)
The 3rd resistance seams to be the most plausible for the scenario that we are looking at, but if PA jumps back up on the second line it will show more strength and determination from investors. it will coincide with SPAN B which will have more mean into it.
BTC leads, TOTAL2 follows, choose which one has more potential, invest.
This scenario is really what I think, but these are no financial advice. Invest only what you can allow yourself to loose.
** Forgot to add a major red support line, If BTC slips beneath the 3rd line so, worrrrrst case scenario would be around 6553$. But that's good!, it will be good time for Crypto Shopping. **
Accumulate, accumulate and accumulate.
Repeat...
Note
The PA is moving as expected. -Large bear volume is accumulating.
-Large drops will come soon.
-First target still around 9036$...
Good luck
Note
Those candles look like the last breath before a dropNote
It will most probably hit a 9650 and if no support... It will be heavily rejectedNote
Forgot to update the idea, but ... Yeah 1 st TRG reached few dollars to the second one and others are coming during upcoming weeks. Exact lvls are still unknown when we talk between 8100 and 8900. Good Luck!!!
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