BTCUSD1W
WHY YOU SHOULD NOT SHORT BTC/USDT NOW (BULLS)BULLS WILL WIN THIS WAR TILL 10K if not 14k AND HERE IS WHY...
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A good look at BTC on the weekly chart shows me that BTC has been living in the bear trend for a while how, after so many attempts to break to the upside on the weekly, BTC/USDT current price while writing this article is $6703.
But why am I so confident to ask you not to SHORT BTC/USDT?
In my opinion, taking a good look at the above chat, you can see that the possibility of going higher than 8k is over 65% to me,
if we hit $8k, this could lead us to hit 10K before a possible short reversal back to 7700 but is $14k still possible, will we see 14K?
Let's see if 14k is possible in the next few weeks form this chart...
First war zone bulls will encounter bears and would likely either dump or consolidate and this will hold BTC/USDT down and cause delay for days
Profit Targets
FIRST TA = $8900
2ND TA = $10300
3RD TA = $14K(THIS WE WILL WAIT TO SEE, POSSIBLE REVERSAL)
HERE IS A BREAK DOWN OF THE ZONES TO WATCH OUT FOR CONSOLIDATIONS
1, BEAR ZONE 1 $7300 -$8100
2, BEAR ZONE 2 = $8900 - $9100
3, BEAR ZONE 3 = 10300 - 10500
4. BEAR KING HOME ADDRESS = $14K
DON'T DEPEND ON MY CALLS, ONLY USE THEM TO CONFIRM YOUR OWN STRATEGY AND IDEAS
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Is this the bottom? Is it hell!Even now people are WAY too bullish. This shit is going to get worse. Much, much worse. When you feel like you want to quit. When crypto twitter is silent because the've driven their rented Lambo's off a cliff, when you are sure the future of finance and freedom is going to 0. Thats when you BUY!
The 2014 bear market bottomed just shy of the 0.886 fib. That makes it a sensible target for the 2020 bear market too. I'll be looking for longs under 2500 with an 'ALL IN' at 2350 or when the DoYouMex indicator fires - which ever comes first.
BTCUSD potential bounce!
BTCUSD expected to reverse up to 1st support at 4172.07 where it could potentially react and bounce to its resistance at 1st resistance at 6550.00.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BTCUSD approaching resistance, look out for potential reversal!
BTCUSD is approaching its resistance at 9012.82 where it is could reverse down to its support at 8765.65.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BTCUSD reversed from resistance, potential drop!
BTCUSD reversed off its resistance at 8441.5 where it could potentially drop further to 7991.8.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
BTCUSD bounced from support, potential for a further rise!
BTCUSD bounced off 7741.9 where it could potentially rise further to 8101.0.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
BTCUSD approaching support, potential for a further rise!
BTCUSD approaching support at 7887.6 where it could potentially rise further to 8441.5.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
BTCUSD approaching support, potential for a bounce!
BTCUSD is expected to drop to 1st support at 6932.50 where it could potentially react off and up to 1st resistance at 7563.74.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BTCUSD approaching support, potential for a bounce!
BTCUSD is expected to drop to 1st support at 6948.68 where it could potentially react off and up to 1st resistance at 7563.74.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BTCUSD approaching support, potential for a bounce!
BTCUSD is expected to drop to 1st support at 6977.42 where it could potentially react off and up to 1st resistance at 7400.81.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.