hey guys welcome for a short update on bitcoin
now that's really fantastic that bitcoin dropped exactly to the zone of 7830-7620 ive precisely predicted in my last analysis, although it did drop a bit lower which honestly ive not expected that quickly but prices did get support for a while in 76xx-78xx zone, and i with my premium family made some really great profits with this short, hope you guys also made good money by following my analysis, here's that last update, if youve not checked it yet...
ok so what's next now?..
as you see in the top chart we have two support levels mentioned as the green boxes
the upper zone from 7860-7710 has already broken now, so this one will now act as a resistance
now keep eye on the lower support zone 7430-7290 which is more critical now
most likely we could get a short pullback from here to the upper resistance zone and will come back to retest this level
if we break this zone and make a daily close below 7290, than bulls are dead, better you sell everything and gtfo from altcoins cuz we could go to 6xxx zone
but if bulls secure this level than surely aim for the moon
so better you first keep an eye here and wait for the confirmation
my custom rsi has now entered in green zone in daily chart that's a really alarming sign for bulls, be on high alert cuz now we could face some serious selling pressure in coming days and most likely prices could test lower support zone.
cuz green zone indicates of keep testing and breaking lower support zones
similar situation in 4h chart, down to the ground with no sign of reversal
now besides all this technical data, you need to be practical, there're lots of astronomical predictions for bitcoin and maybe they could be right, but no one can see future, even if someone is correct 99 times doesn't guarantees that he'll be right again for 100th time, its better you take resposibility for your own descisions and invest only what you afford to loose
my personal gut feeling is saying that we're now heading towards 6xxx zone maybe in dec 2019 bitcoin will disappoint lots of investors by forming another low, but i do wish am wrong and we all make good profits :)
that's all for now guys, hope this update will help you make profits like the previous one's
do like and follow me and keep supporting us so we keep bringing awesome new ideas for you.
this is husain zabir signing out
thankyou;)
now that's really fantastic that bitcoin dropped exactly to the zone of 7830-7620 ive precisely predicted in my last analysis, although it did drop a bit lower which honestly ive not expected that quickly but prices did get support for a while in 76xx-78xx zone, and i with my premium family made some really great profits with this short, hope you guys also made good money by following my analysis, here's that last update, if youve not checked it yet...
ok so what's next now?..
as you see in the top chart we have two support levels mentioned as the green boxes
the upper zone from 7860-7710 has already broken now, so this one will now act as a resistance
now keep eye on the lower support zone 7430-7290 which is more critical now
most likely we could get a short pullback from here to the upper resistance zone and will come back to retest this level
if we break this zone and make a daily close below 7290, than bulls are dead, better you sell everything and gtfo from altcoins cuz we could go to 6xxx zone
but if bulls secure this level than surely aim for the moon
so better you first keep an eye here and wait for the confirmation
cuz green zone indicates of keep testing and breaking lower support zones
now besides all this technical data, you need to be practical, there're lots of astronomical predictions for bitcoin and maybe they could be right, but no one can see future, even if someone is correct 99 times doesn't guarantees that he'll be right again for 100th time, its better you take resposibility for your own descisions and invest only what you afford to loose
my personal gut feeling is saying that we're now heading towards 6xxx zone maybe in dec 2019 bitcoin will disappoint lots of investors by forming another low, but i do wish am wrong and we all make good profits :)
that's all for now guys, hope this update will help you make profits like the previous one's
do like and follow me and keep supporting us so we keep bringing awesome new ideas for you.
this is husain zabir signing out
thankyou;)
Comment:
damn my gut feelings are bit quicker:-0))
Trade active:
This could be another bitcoin's mandelbrot fractal
