Bitcoin (BTC) Technical analysis - Steps to $4800?

in bitcoin •  7 years ago 

Hi guys, here the fib lines where the price should be going up if it actually holds above $4120 for the next few hour to a day. Of course the price can bounce off in any off these lines and correct and that would make the rest of lines above useless & we would have to make a new Fib assessment.

btc9.PNG

Remember we are at very high levels! I wouldn't go long unless I had a exit plan!

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Yes. It went up hard.

Love your work. Can you tell us what do you think about BQX please.

Thanks for the update

Thanks for sharing your knowledge. Its so useful to me as a new person :)

I am big fan of your videos. People are creating 30 mins videos with technical analysis and talking about nothing. I really like that your videos are short, clear and to the point. Keep up the great work.

The shit may be hitting the fan.....I'm guessing if it doesn't hold ~4100 it's going to come down?

Hi, thanks for the message.

I'm seeing that not only Bitcoin, bust most cryptocurrencies are falling. Is there any (more or less) secure choice for selling Bitcoins if we don't want to buy fiat money?

Look how close ETH and BTC are following each other:

BTC
BTC

Thanks. Do you think that ETH can be a protection against BTC fallings? I'm interested in diversification.

According to other people way more knowledgeable than I am, the short answer is "no". The safest option is to put most, if not all, into USDT and then maybe use that to short BTC and ETH in a "bear market".....Then wait for the bottom and load up again to trade.

But as I said....I am still a noob and dont do this for a living....so others may have a more informed opinion / analysis on this.