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KuberPriya
Feb 13, 2021 12:36 PM

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

Bitcoin / U.S. dollarBitstamp

Description

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