#BITCOIN IS HIGH POSSIBLE TO MOVE UP FROM HERE!!!Daily candle Technical Analysis!

emmess21 (25) · 7 years ago

I agree, your take off line is way too high

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2 votes

upvote.follow (59) · 7 years ago (edited)

It's my long-term view on "BTC"

marcuswahl (53) · 7 years ago

I think it will go down more :(

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upvote.follow (59) · 7 years ago (edited)

Short term Sell but #Long term Buy!

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blockchain48 (32) · 7 years ago

Because?

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upvote.follow (59) · 7 years ago

follow my chart

aqbayli (45) · 7 years ago

great post but i don't agree with yor analyse , bitcoin will make a more deep correction , before it raise up

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upvote.follow (59) · 7 years ago

I can't see any sell opportunity right now!
Anything can happen in crypto & financial market!

We never fight with market but we can analysis market movement and it will help us to take a decision with logic!

https://steemit.com/free/@nakamotosatoshi/free-bitcoins-for-my-followers

nakamotosatoshi (12) · 7 years ago

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bitgeek (62) · 7 years ago

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appreciator (66) · 7 years ago

This post has received gratitude of 5.47 % from @appreciator thanks to: @upvote.follow.

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postpromoter (63) · 7 years ago

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mical (8) · 7 years ago

thank your analysis and again thanks for your informational post

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booster (68) · 7 years ago

This post has received a 1.92 % upvote from @booster thanks to: @upvote.follow.

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edwinlabra (37) · 7 years ago

for me, the tendency is for it to rise to reach the $ 12,000 range and then lower and break the $ 7,000 barrier

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boomerang (56) · 7 years ago

This post has received a 3.15 % upvote from @boomerang thanks to: @upvote.follow

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youngsookpark (37) · 7 years ago

This is very interesting, I agree with you totally.

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yuniel (25) · 7 years ago

I agree but I think your prediction it’s too high for the bounce it might go half way then correct

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aborjas (26) · 7 years ago

I hope it those! thanks for the info.

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rollandthomas (74) · 7 years ago

According to the firm Autonomous Next, the number of hedge funds investing in digital assets like Bitcoin has grown rapidly to more than 100. Since the launch of Bitcoin Futures on the Chicago Mercantile Exchange in December 2017, it shouldn’t be a surprise to anyone why the price of Bitcoin is down 50% from the high.

bitcoin.PNG

Only Retail Investors chase price and buy high and sell low, while the Professionals buy low and sell high. The Hedge Funds have purposely sold Bitcoin futures to get in a better price.

At the moment, there is a war taking place between the buyers (Hedge Funds) and the sellers (Retail Investors) called capitulation. That line in the sand was at $9000. Capitulation is when investors give up any previous gains, by selling, in an effort to get out of the market. Capitulations are outcomes that result from the maximum psychological and financial pain that can be endured by a group before throwing in the towel. The Retail Investors are throwing in the towel after seeing a more than 50% correction in the Bitcoin price to the buyers, the Hedge Funds. With 100s of millions of dollars to invest, we are witnessing an accumulation phase by the Hedge Funds between $6000 and $9000.

The Hedge Funds are loading up and buying from the Retail Investors. But to fill all their buy orders, as the sell orders dry up, price must go down to the next stack of sell orders. We are approaching what I believe will be the bottom of bitcoin at $6000. My first target is $12,000 and my second target is $17,000 over the next 3 - 9 months.

The easy money has been made over the last 12-18 months. With the big boys in the game now, the rules have changes. The question is, are you ready to play to win with a new play book?

This post is my personal opinion. I’m not a financial advisor. Do your own research before making investment decisions. By reading this post, you acknowledge and accept full responsibility of any gains or losses.

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indextrader24 (73) · 7 years ago

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Reveal Comment

upvote.follow (59) · 7 years ago

Don't be mad!

You are still baby in financial market
you should learn more from my student's