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ThrivingProject
May 24, 2020 6:56 PM

Please Help Me to Understand (BTCUSD Weekly Chart)! Education

Bitcoin / U.S. dollarBitstamp

Description

I don't see the logic; if you have the ability to see into the near future, please tell me exactly what factor will today allow bitcoin to ignore trend analysis and moon.
Comments
kennypilanski
good job
OptiPulse
Bias after stacking so many coins can be huge.
obsidian791
Bitcoin will almost positively drop significantly before it runs to a new all time high. And even with a significant drop it will still be within it's normal growth cycle. I expect a big drop today.
ThrivingProject
@obsidian791, that would be impressive you're right! Good analysis, I also expect a significant reduction in price, like 5k. After that, it's free to move in whichever direction that people want it to move in, and a new high would be very fun to trade :D
obsidian791
@ThrivingProject, If we don't have a drop today, I can see it potentially returning to test $9,800 and then dropping from there. Keep an eye on it... Things can change extremely fast. Nothing is ever set in stone.
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