BTC Long Term, Possible retest of 10500
This is my first time ever I do charts - it doesn't look good but looking how bitcoin moves - for me it looks that way.
So right now it is in consolidation mode. It will move a bit down just to support on 10500 then it booms.
In btc everything is possible - I did my homework - this ta is dependent on hard news:
1. LN on mainnet (29 nodes on - still needs time, but it shows progress)
2. All FUD infos were bullsh..
3. More and more exchanges, milions of new investors
Only possible bad news that will crash BTC
1. Coinbase go down (highly unlikely)
2. Thether will go down - it can do it anytime
Refering to Bull trap - i think we are on MEDIA spot - 20k wasn't top market cap was too little - whole world is investing - 800b market cap is nothing.
So right now it is in consolidation mode. It will move a bit down just to support on 10500 then it booms.
In btc everything is possible - I did my homework - this ta is dependent on hard news:
1. LN on mainnet (29 nodes on - still needs time, but it shows progress)
2. All FUD infos were bullsh..
3. More and more exchanges, milions of new investors
Only possible bad news that will crash BTC
1. Coinbase go down (highly unlikely)
2. Thether will go down - it can do it anytime
Refering to Bull trap - i think we are on MEDIA spot - 20k wasn't top market cap was too little - whole world is investing - 800b market cap is nothing.
Note
So TA actually wasn't good. Bitcoin shot up because of1. Weekend run
2. Good news
3. Long consolidation
Still BTC aiming for 20k in 5.02.18 (BTC always fully recovered in 50 days/correction)
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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.