Bitcoin ultimate target don't ask how I got this. Red box is where I will be looking to sell for the bear market. As of now I am very bullish and looking from price to go up from the current price.
Hello lads. BTC is most likely going to 5500. I am not sure as to why people keep thinking 6000 will hold. 6000 is not support. BTC overshot the parallel channel from 3k to 14k. BTC will probably do the same to the downside. On the way up from 3k to 14k, BTC did not respect the $6000 dollar range. So why would it respect the $6000 range on the way down? Food for...
Here are two BTC channels. Look at the confluence and symmetry. It's beautiful.
Until BTC has made higher high. I remain bearish.
Monthly and weekly chart are still in a downtrend. I have no reason to open any long positions in a downtrend. I currently have a short position 3x @$7388 STOP LOSS: 7483 Target 1: $6400 Target 2: $5500
I expect BTC to go sideways in the upper blue box until May 2020. Anything below the grey box = bitcoin hell due to no support/resistance being established from 3k to 5k.
BTC MUST MOVE ABOVE THE 7H MA. WE'RE ON A 9. STOCHASTIC OVERSOLD. NOW WOULD BE A GREAT TIME TO BUY IN LONG.