RE: Technical Analysis on Bitcoin: The Bulls Chalk Up a Win, but Still Have a Hard Road Ahead

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Technical Analysis on Bitcoin: The Bulls Chalk Up a Win, but Still Have a Hard Road Ahead

in cryptocurrency •  6 years ago 

Many analysts were calling $5800 - $5600 do you think we'll touch those areas again soon?

I got out at $6200 and holding fiat to buy again at the dip, and then BAM is soared ! lol just my luck

Do you recommend any new Entry Points ?

Thanks!

cryptocurrency
6 years ago by

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      ·  6 years ago 

    Hey Sarah. I think the real test is the $6,800-$6,900 resistance. If there's a strong rejection off that, it may drop back to $6,000. If btc breaks above, I think it'll likely go to at least $7,500.
    If you've followed my updates, you know I think btc is likely in a larger ABCDE correction. That means once this latest rise tops out...possibly at the descending resistance line, it may drop back down to at least $6,000. If btc manages to break above the descending resistance, I'll start getting more optimistic.
    Screen Shot 2018-07-17 at 9.01.07 AM.png

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        ·  6 years ago 

      Thanks for your reply! Much appreciated

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          ·  6 years ago (edited)

        My pleasure. I said we'd likely see $7,500 if the $6,800 zone was broken...but I didn't expect it to happen 2 hours after I wrote that. haha
        Screen_Shot_2018-07-17_at_2.28.42_PM.png

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