pune3tghai

BTCUSD Chart estimations on previous Low and High

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BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I'm just attempting to see where the BTCUSD may head next. So far, I have been able to deduce these scenarios where BTC might drop, reason being availability of both Hidden Divergence and Trump VS Biden uproar. Only one scenario is valid for BTCUSD pump and that is just a small possibility. However, the Support and Resistance levels at these Fib levels are way too strong for Market to ignore them. I suspect that the bear market is accumulating and thus we might see some massive drops in coming days.
How would you play these?

Comments

Will it retrace to 11000 again?
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pune3tghai pawansharma21
@pawansharma21, for now I'm guessing 13200 at the very least. Then again, I'm not an Oracle, wait for Support and resistance levels to break.
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Can it retrace to 11000 ??
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Sure :)
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I mean sell BTC at this moment?
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pune3tghai dhirajchawla88
@dhirajchawla88, I think it is safe to say that BTC has reached its pinacle for this quarter, thus, Selling it is more reasonable.

But sell only if it breaks its support.
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Will it be fine to sell/buy BTC at this moment?
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pune3tghai dhirajchawla88
@dhirajchawla88, I'd recommend placing conditional orders for both Buy and Sell. Sell after it breaks the support of 15150 and Buy if it breaks 15960.
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