BTC uptrend to continue? Yeah
Hello steemit guys, I hope you are doing great! this is my another post on btc update.
Now, let's say few words about BTC? Most of you are curios is there chance to see BTC uptrend to continue? Yeah,,, there is chance and it is not small chance!!!! But we need confirmation and let me explain you what am I waiting to confirm bullishness!!!!
Last weekly candle made great close!!! It is green doji and it came after downtrend. It is one of the most bullish signs but that sign needs a confirmation. Not confirmation for short term because that sign will in 90% situations cause uptrend but next weekly candle or next two will determine whether it is going to be short or long-term uptrend. At the moment, this weekly candle is still young and it is just wednesday so things can be changed but so far it looks good....
** If we closes this weekly candlestick below 6441 I will probably stop being bullish... Depends on candlestick formation but closing below 6443 wont be good**... lets see what will happen..
here is explained well about bull run.
To confirm uptrend we need close above 6768 or better 6816. If we close above these Two price levels, I think now next but next 2 weeks can be green. Next week can be one more greend candle that will enter 7300-7800 area and then week after will probably be candlestick with tiny body and wicks because we will test very important resistance area.
So, final target is around 7800-8000. Then we can wait for signs of continuation or reversal.lets hope this time bitcoin will break next level.
So, the situation looks good but without confirmation we will probably stay in 6-7k area and maybe retest 5k area one more time.
keep eye on Altcoins if btc will cross 7200 area altcoins will also up 20 to 30 % easily . so its best time to enter into altcoins . but before investing into any altcoins do your won research , and only invest into top strong coins.
Disclaimer:-- We are not financial advisor so make sure that you take action according to your
*post credit goes to CS team
This is wonderful news for all crypto followers. Institutional investment is going to bring in a huge spike in the volume and increase the price suddenly. Hoping for the best and may cryptos win :)
Sagar bro you are doing great work i think you will reach all your goals soon
Thanks @rehan12092786 you are also doing great job and keep supporting to me .
July...is it positive month for crypto?
May be it will
thanks for the info
sir good article can you tell which bots you use for upvote
@sagartalekar nice update, if Indian court give stay on RBI decision then definately we see a pump in Bitcoin and it easily reach the price of $7000
Yes it will
Nice update, thanks for sharing! Keep up the good work! BTC to the moon! What do you think the price will be at the end of Q4?
I think btc will touch at least all time high at the end of Q4 .
Excellent analysis about Bitcoin price @sagartalekar, thanks for sharing.
Thanks @vsrsatish
Yeah.. Just HODL and Enjoy.
@sagartalekar today was crypto day for 2-3 coins which was pumped badly and i was not lucky to make profit in that but hoping sia and other coins perform next week well
If btc cross 7200 area every coin will pump not only sia