@MILIND_SHARMA, agree . this 7500 area is very crucial for btc , if this breaks then we are next going near 5000 - 5500
Om_Sharma
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@himeshforex, thats what i am hoping for, but Tone Vays says that it might even touch $ 1000 BTC. is that a probability. Thankyou ?
himeshforex
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@MILIND_SHARMA, when something is falling and the sentiment is negative dont be surprised to even see $100 targets. nevery rely on any ones targets as a move is happening. just follow the price action on charts. if the major supports like 7500 - 7900 now due to 200 ema on daily chart doesnt hold , have a bearish view. but always be prepared to change your view once price action changes , no one every knows when something will truly turn bullish from bearish. we technical analysts can only identify high probability zone based on historical analysis where prices have a decent probability of turning its trend and set a decent risk / reward setup scenario. but to call for the moon and planets with absurd targets is plain immaturity from any analyst.
Om_Sharma
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@himeshforex, yeah...thats true ! thanks for the insight
himeshforex
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move stoploss to 7500 , keep holding long , nice gain we are sitting on but we intend to hold long term. im really curious why successfull posts dont get any views but chart filled with gimmicks get tons on views here on tv. oh well its not my loss is it : )