Hello traders,
hello hodlers,
i know many of you are scared at this moment and it could play out bad, but there is also a change that we saw the local bottom and getting bullish again.
What you could find in the chart:
- red line: Monthly resistance (14k)
- blue dotted lines: Monthly channel (big timeframe for next months)
- black line: Weekly channel (relevant for the next weeks)
- green lines: Next big support levels (if you zoom out, you will find 2 more - all based on monthly price action)
- yellow: 21 weekly ema (broken in september - bad news for bull cycle)
What i expect in the next weeks:
A retest of the week channel is very likely, but i think we will fail one more time.
This scenario is drawn in the chart (dotted black & orange targets).
What i expect in the next months:
If we hold support at 6,400 USD we could see a bulltrend continuation and 2020 could get very exiting!
If we break the 6,400 level (weekly candle) it will bring us more downfall.
Next targets are drawn in green.
I don´t want to bring scare, but we have to accept that the "regular" bull trend is not active since we broke 21 week ema.
I personally didn't sell any of my bitcoin hodl coins and i won´t even if we see my last support target of around 1,200 USD.
Greetings and good luck to all.
Longterm iám bullish as before :)
hello hodlers,
i know many of you are scared at this moment and it could play out bad, but there is also a change that we saw the local bottom and getting bullish again.
What you could find in the chart:
- red line: Monthly resistance (14k)
- blue dotted lines: Monthly channel (big timeframe for next months)
- black line: Weekly channel (relevant for the next weeks)
- green lines: Next big support levels (if you zoom out, you will find 2 more - all based on monthly price action)
- yellow: 21 weekly ema (broken in september - bad news for bull cycle)
What i expect in the next weeks:
A retest of the week channel is very likely, but i think we will fail one more time.
This scenario is drawn in the chart (dotted black & orange targets).
What i expect in the next months:
If we hold support at 6,400 USD we could see a bulltrend continuation and 2020 could get very exiting!
If we break the 6,400 level (weekly candle) it will bring us more downfall.
Next targets are drawn in green.
I don´t want to bring scare, but we have to accept that the "regular" bull trend is not active since we broke 21 week ema.
I personally didn't sell any of my bitcoin hodl coins and i won´t even if we see my last support target of around 1,200 USD.
Greetings and good luck to all.
Longterm iám bullish as before :)
Note
NOTE: Don´t understand why 6,992 level is marked. It should show the line at 6,400. Maybe an error while drag&drop the line.Note
Blue line touched!Let's wait and see, it it work as expected (support)
Note
Bitcoin is again over 21 weekly ema!Let´s hope we rest there until next week :)
Note
Broke of multi-year support line (*)Next levels to watch:
6,400 USD
200 week moving avg
(*) it could be a "fake-out", we will know next week
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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.
Related publications
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.