BTC DUMP MOD ON FOR 6000.0 Again?steemCreated with Sketch.

in mgsc •  6 years ago 

1.JPG

A long wait finally, BTC IS Dumping again . But Still, BTC is not stable

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Looking at daily,
the raise after the neckline 6000 touch is not strong.
It retries again to 6000, and if it fails it is long trader dominance, but if it reaches around 6000.0 it is considered to be a short continuation.

Most recently, MPP (P) 6641.8 is not functioning, so I'd like to think about trade by attracting it to either up or down.

tactics
1-1) It got up and reached around 7000. It acted as a resistance
short.
The first limit is on WePP (P) 6607.1
The second limit is on WePP (S1) 6374.9

1-2) It got up and reached around 7000. It is doubtful whether it acted as a resistance
I will start considering the long.

2-1) Although it decreased, it came back without reaching near 6000
We will observe it because there is a possibility that it will range or be rebounding.

3-1) It fell, it reached around 6000. It served as a support.
I do not long because I'm thinking about shorting. I will observe.

3-2) Go down, penetrate 6000 down. It then acted as a resistance line.
short.
First limit is on WePP (S3) 5818.5
The second limit is MPP (S1) 5504.7

3-3) go down, penetrate 6000 down. It plummeted as it was.
Observe until a line acting as a resistance is found.

I would be grateful if you like it idea,give me follow or agrees!

Legend

Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.

Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close

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It all depend on whales action.

Which is idcator best for short term trading

Bull run is coming bro

i hope it makes high because i m waiting from very long.

@rupesh723 bro ab bull run ki baari he down to bahut Baar jaa Chuka he...

Can you explain me why did you take EMA 16000?

I think now is time of correction after this it can fly and break our ATH.
Many analysis showing that full your crypto bag and hold for December

This dumpping of BTC hurts me.

I wanna see only rocksky of BTC.

Hope all next time you share news what I want to be.

Maybe this time it will skyrocket soon

i learn technical analyses now what is best strategy in alt coin ?

Holding for futures

Btc is going to increase or decrease.what do u say

Thia year last bitcoin will creat a history dost

These are the indications for bull run is about to come soon

Wow good news for leverage trader's! They will definitely make From this opportunity!

next bitcoin support levels 5700$

Hope so, this dump will be the last one.

Whats your last support level of btc??

May be bull run comming soon

Keep holding

Bhai yeh eme aur cme ka fanda nai samjh ata mujhe

Bitcoin don't follow rules i think it will go more down 2000$-3000$

@rupesh723 - Brother just wait and watch bull run is coming shortly, don't loose your patience be a holder.

don't worry just wait for sometimes.

BTC was never stable to begin with. And I am not sure if EMA works well with crypto. As per most simulation I ran it appears the prediction hardly holds more than 10% of the times. A better way to predict crypto is use case and market mood. You can work with two resistances on both ends like you did , but then unless there is a reason for it to break the upper bound, you will most likely see it breaking lower bounds more often.

fabulous job
sounds crazy
it is the right time to buy the btc

Wait for bullrun...