KuberPriya

Bitcoin hits fresh all time high, how long will it sustain?

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
There is a high possibility of some Pullback/Retracement.
Looking at the chart - Technically in Bitcoin ,
At every $10k, there's an Accumulation Phase ( i.e. anger & depression ), and at some point there's a breakout, which is followed by an uptrend till next $10k. It's close to another $10k at $50170, which should technically act as a Strong Resistance. It has respected $10k before, therefore, it will in future.
It doesn't matter who or the qty of bitcoins bought, markets have their own mind and events.

Comments

thanks so we should buy at 40k right
+3 Reply
KuberPriya Zzaigon
Yes, @Zzaigon
+2 Reply
Tell me about the bitcoin resistance?
+2 Reply
KuberPriya yousef0009
Can be 50170, I've mentioned in the chart @yousef0009
+2 Reply
yousef0009 KuberPriya
@KuberPriya, Thank you very much
+1 Reply
KuberPriya knowngate
Short vs Long 😏... let's see, @knowngate
+4 Reply
knowngate KuberPriya
+3 Reply
this is not going to happen ril.
Reply
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