MufaadHamzah

MufaadHamzah

BTC behavior seems like it needs to retrace some of the gains after the crash will we see another drop to lower 7K ?

MufaadHamzah

comparing the last 2016 halving, BTC has dumped will we get the same dump this time?

MufaadHamzah

Seems BTC has established the same bull flag from April 2019, what do you think let me know the comment section

MufaadHamzah

I have been looking at the daily and weekly charts of BTC we have seen some pullback to the resistance on the daily charts, but the weekly we have sen the 4rth green week I'm concerned about how the weekly would look like on a pullback, either we have a big correction to build a base to 6.1-5.8 K or we go all way to the 5.1 K then reverse from there and that is a...

MufaadHamzah

we are a little bit more extended on the pullback, I suspect the current move will carry up to 7.8 to 8.1 K then we see a reverser to 6.8 K then back to 6.4 -5.9 K.

MufaadHamzah

there are many ways to look to the chart and there is a high probability that we are in a Wyckoff's Distribution Schematic I have looked to many last consolations that we have the past couple years I have one common fact that the retrace to 6.4 K is very likely to be bullish and test of the 7.5 K and then pull back to 6.8 K that is the most bullish case

MufaadHamzah

I have been looking for the last few times that we have dropped significantly how BTC react and set up a base then break higher, I have found in most of the accumulation base structure we have established a strong resistance and support that we have tested tow or three times the most then break higher in our case here the resistance has been defined 6.9 to 7.2 K,...

MufaadHamzah

BTC possible retracement to 6 to 6.1 K and bounce to the upside we might be able to break through the 6.9 to 7.4 K resistance this time

MufaadHamzah

based on the last three accumulation that we had in the past year, they all lead to an upside movement only the way and speed of the movement are different

MufaadHamzah

based on the last three accumulation that we had in the past year, they all lead to an upside movement only the way and speed of the movement are different

MufaadHamzah

based on the last three accumulation that we had in the past year, they all lead to an upside movement only the way and speed of the movement are different

MufaadHamzah

Would be lovely to see BTC claim back the 8k level by July 2020

MufaadHamzah

if we can retest the support levels at 6k then keep going up, most bullish lots of FOMO and other cash coming from other markets to BTC .

MufaadHamzah

BTC USD HS pattern brok to the upside is hight probable.