BTC-USDT - Still Lot to Come
First of all I want to let you know that I am not posting the charts on daily basis because still nothing changed and all charts are still valid. Yesterday again BTC moved up very fast to liquidate some accounts. When it breaks 17k then most of the people were yelling that BTC has already touched its bottom and now its uptrend while there was nothing special and I have already mentioned in my charts and twitter that how a coin which was at 60+k and now move up little bit and we called its bullish.
You all just need to focus on charts and then news. Use your money accordingly and don't do over trading. There is no top and bottom in market, its all about your profit or loss and your own assumptions.
Remember over all market is still bearish and you have seen the yesterday movement of the bitcoin and I have already told in my previous charts. After breaking 17k its down again. An expected move could be 17100 - 17500 in coming days. Bitcoin is still in bear flag and now moving within its crucial range of 16200 - 17000. Lets see that it can hold its current support of 16400 or not. If it rises above 17100 a probable bullish point is anticipated. However, I believe there is a good chance that the 17100-17500 section cannot be broken upward if money does not enter the coin market.
In a big picture its still bearish till 13K - 14K or may be more down to 10k. Its main support is 15300 and Bitcoin has not touched its bottom till now because no one know how much it can go down but if you see the over all market and Bitcoin chart you will see that if it break 14k area then 10k will be the crucial for Bitcoin and buyers. At this time buyers and sellers both want more down.
Still lot to come and I am confused if it breaks 10k then there could be 7k on board. If you look at the chart it clearly showing that it can go under 10k.
It will be bullish whenever it will cross 30k.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
You all just need to focus on charts and then news. Use your money accordingly and don't do over trading. There is no top and bottom in market, its all about your profit or loss and your own assumptions.
Remember over all market is still bearish and you have seen the yesterday movement of the bitcoin and I have already told in my previous charts. After breaking 17k its down again. An expected move could be 17100 - 17500 in coming days. Bitcoin is still in bear flag and now moving within its crucial range of 16200 - 17000. Lets see that it can hold its current support of 16400 or not. If it rises above 17100 a probable bullish point is anticipated. However, I believe there is a good chance that the 17100-17500 section cannot be broken upward if money does not enter the coin market.
In a big picture its still bearish till 13K - 14K or may be more down to 10k. Its main support is 15300 and Bitcoin has not touched its bottom till now because no one know how much it can go down but if you see the over all market and Bitcoin chart you will see that if it break 14k area then 10k will be the crucial for Bitcoin and buyers. At this time buyers and sellers both want more down.
Still lot to come and I am confused if it breaks 10k then there could be 7k on board. If you look at the chart it clearly showing that it can go under 10k.
It will be bullish whenever it will cross 30k.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
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.
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.