#Bitcoin - thoughts out loud #11
Updated
Good evening, we are from Ukraine!
The current situation has several options. Market participants should expect both a long scenario and a price decline (in my opinion, this is more realistic) to test the supply with a subsequent markup of the asset. That is, the price has been in the range of 29500-31500 for 16 days, and next week will confirm whether it is accumulation or distribution. In any case, professional operators will arrange an artificial price reduction for the hike upwards (3 percentage points are marked on the chart). The instrument should show strength in price:
1)28700 - 28800.
2)26700 - 26800.
3)20700 - 20800.
If there is no activity of professional operators at these prices, it is possible that the price will fall even lower.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
#Bitcoin
The current situation has several options. Market participants should expect both a long scenario and a price decline (in my opinion, this is more realistic) to test the supply with a subsequent markup of the asset. That is, the price has been in the range of 29500-31500 for 16 days, and next week will confirm whether it is accumulation or distribution. In any case, professional operators will arrange an artificial price reduction for the hike upwards (3 percentage points are marked on the chart). The instrument should show strength in price:
1)28700 - 28800.
2)26700 - 26800.
3)20700 - 20800.
If there is no activity of professional operators at these prices, it is possible that the price will fall even lower.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
#Bitcoin
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