I am completely bearish on BTC -6.27% and will be for a while. In the past 12 days BTC -6.27% has gone from 6k to 11.3k, why? There could be a few reasons such as ONE person buying $400 million ( 41,000 ) BTC -6.27% from the 9th 2.27% to the 12th which sparked this uptrend, mixed in with the hype in the media, ex: Ellen Degeneres introducing BTC -6.27% on her TV...
I am completely bearish on BTC and will be for a while. In the past 12 days BTC has gone from 6k to 11.3k, why? There could be a few reasons such as ONE person buying $400 million ( 41,000 ) BTC from the 9th to the 12th which sparked this uptrend, mixed in with the hype in the media, ex: Ellen Degeneres introducing BTC on her TV Show introducing a pool of new...
BTC -3.27% broke through channel #1 but could not stay above the purple line (which would put it back on an uptrend) so it is now hovering over Channel 2 and 3. I think it will fluctuate for few hours (from 8250 to 8500) today before breaking back into channel #2 and continue dropping, potentially breaking back into channel #1 if people panic sell or if there is...
So far BTC has been following my yellow line all day through Channel #1 as I predicted pretty nicely, It may end up breaking into channel #2 but I think we are on our way to beating our previous low of 5880... thinking probably around 4500 - 5200 would be a good buy zone before it goes back up. Alot of support zones to go through but I think we will make it.
Haven't updated in a while. Seems like BTC is struggling to stay up and is continuing in Channel #1. I'm thinking prices will drop to mid 5000's or possibly into the 4000s before trying to bounce up again.
So far BTC ha followed my yellow line pretty nicely which is what I think BTC will do (numbers/points are not exact), but at anytime it could break from the channel but since it looks like volume is slowing down and the MACD is under, I think it will continue down that first channel possibly breaking into the second channel.
Never done this before but so far BTC has been following my lines... i think BTC will start going back to around 5k