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Btcusdanalysis

Bitcoin dumped hard. Can it go lower?Bitcoin broke all support levels and is currently at 47k. I am expecting to repeat the pattern of may-July before it starts moving up. Whether it will take the same amount of time or not can't be said. But in any scenario I expect bitcoin to pump in waves like you can see from the chart. Again, there's no guarantee that it will test the same resistances as shown because it all depends on the first rejection level. If it gets rejected sooner than 54k, the next wave will be smaller. Overall this seems to me like another accumulation phase where it ranges for many weeks before a pump up. The time is for buying the dips.
by AltcoinMoneyPrinter
BTCUSDDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks... BTC closes the week above the very strong resistance around 42400 and now, because the movement was very strong I expect a retreat around 46800-48000 to the support of 42,000! however, any closure even for 1 day over 48,000 opens the way to the psychological threshold of 50k and even higher ... .as I said in recent months. here that BTC has reached my final target in the 50k area ... a very important area especially because of the psychological target Any closure, even for 1 day over the 50900 area opens the way to 58800 and even higher ... THIS WEEK...as I said in the last months ... BTC reached the 50k zone and rejected up to the 42k zone ... from where it returned again! in the next period I will try to trade only in this range area and I will wait for a closing for at least 1 week under or over one of these areas! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
BITSTAMP:BTCUSD
by BloomFX_SIGNALS