BTCUSD medium term price analysis

in bitcoin •  7 years ago 

Untitled.png

Even though BTC successfully break previous all time high, but it does not have bullish momentum. Currently price break through the uptrendline and looking to break 16000 support. Once the 1H candle closed below 16000, bearish momentum will take over bitcoin then we will monitor how far bitcoin price will drop to. So it is not recommended to buy bitcoin now but wait patiently. Opportunities will eventually come

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @statickw! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You made your First Vote
Award for the number of upvotes
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Nice start! You can check my analysis here

Welcome to Steemit!

Interesting
I will follow you to see your future posts!

Congratulations @statickw! You received a personal award!

1 Year on Steemit

Click here to view your Board of Honor

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @statickw! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!