BULLS WILL WIN THIS WAR TILL 10K if not 14k AND HERE IS WHY... Kindly like this post and share this idea if you find it useful, to encourage me make more future analysis on BTC/USDT.
A good look at BTC on the weekly chart shows me that BTC has been living in the bear trend for a while how, after so many attempts to break to the upside on the weekly, BTC/USDT current price while writing this article is $6703. But why am I so confident to ask you not to SHORT BTC/USDT?
In my opinion, taking a good look at the above chat, you can see that the possibility of going higher than 8k is over 65% to me, if we hit 8k, this could lead us to hit 10K before a possible short reversal back to 7700 but is 14K still possible, will we see 14K?
Let's see if 14k is possible in the next few weeks form this chart...
First war zone bulls will encounter bears and would likely either dump or consolidate and this will hold BTC/USDT down and cause delay for days
Profit Targets FIRST TA = $8900 2ND TA = $10300 3RD TA = 14K(THIS WE WILL WAIT TO SEE, POSSIBLE REVERSAL)
HERE IS A BREAK DOWN OF THE ZONES TO WATCH OUT FOR CONSOLIDATIONS
1, BEAR ZONE 1 $7300 -$8100 2, BEAR ZONE 2 = $8900 - $9100 3, BEAR ZONE 3 = 10300 - 10500 4. BEAR KING HOME ADDRESS = 14K
DON'T DEPEND ON MY CALLS, ONLY USE THEM TO CONFIRM YOUR OWN STRATEGY AND IDEAS (kindly show some love to this idea if you find it helpful , commenting your thoughts and ideas, like and share this idea to encourage my ministry.
Nice analysis, but unfortunately, Btc breaks the second resistance line and will go lower than 6420$ ... and of course all of these happen , the BtC will kiss the 5680$ and then 5240$ again .... and soon ... don’t forget the depression/recession market is coming......
MachiavelliTrader
⋅
@alireza87sabzalian I love your opinion, but did you notice we have been sitting on Pivot point on the daily for so long?