My View of Bitcoin on This Recent Crash | What we can expect now !
CryptoKraze here
Possibility on Daily Chart
Right, so we have blood all over the crypto market and bitcoin fteep fall is the reason for that bloodbath. Now what are the possibilities you are expecting in current scenario??
Well my point of view about upcoming bitcoin move is that it should hold 10,000 support level and many of us are hoping the same. Let's see how this can play out.
If you look at the daily chart, you will see that bitcoin has found some support around $10,000 level. I am expecting price to bounce and then retest the $10,000 support again and ultimately it will breakout of this triangle. We just need powerful bulls to wake up from sleep and charge the market.
- I have a buy entry at $10,100 my profit target will be around $14150 for short term. If the triangle is broken, we will be heading to $17000 again.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading. If it will break the $10,000 mark, it is gonna drop to $8000 and we will buy there again.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
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looks like it will be going below 10k
Lets see
I am ready for 8000 as well
We need to see and ready for both sides
What is your scenario if the 10K support is broken?
I think you did not read full post. I have mentioned my position if $10000 is broken
Dont buy 100% and dont sell 100% in one session or too quick. always invest in ladder approach which will allow you to have cash in hand and some crypto if market goes bullish. i have experimented with micro profit takings and that has worked for me as well in the past. expect the worst case and hope for the best. worst case being $1000 and best case being $500k :D
Check my averaging technique
Bitcoin prices are declining, what do you think about Bitcoin, thanks Interesting postings
bitcoin prices has been like this since 2010. it will pass too. there maybe more corrections but one thing we learnt from bitcoin in these years is that it will not stay flat, it will either go up or go down sharply. for me the most concerning duration is when it is going flat.
we hope so that it will be grow up again @cryptokraze