BitcoinShort
BTC Update 11-May-19
Updated
This post uses simple technical analysis with major trend lines to give answers to major questions that are going around.
Here are they.
1. Have we entered Bull Market? - YES
2. Can the price go higher before major correction? - NO (Red Line)
3. How much low can the price retrace? 4800 - 5200 (Green Line)
4. Can the Bear market continue from now? (YES - When the price breaks Yellow Line)
5. Are we done with the current uptrend? NO (Target 7400 Max 8200)
Post your questions in the comments.
For more updates, follow me here.
~RPS~
Here are they.
1. Have we entered Bull Market? - YES
2. Can the price go higher before major correction? - NO (Red Line)
3. How much low can the price retrace? 4800 - 5200 (Green Line)
4. Can the Bear market continue from now? (YES - When the price breaks Yellow Line)
5. Are we done with the current uptrend? NO (Target 7400 Max 8200)
Post your questions in the comments.
For more updates, follow me here.
~RPS~
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.