Ironical Bitcoin prediction to $8000 was actually $16,000
So many News of Fear uncertainty and doubt (FUD) has misled weak hand traders into dumping BTC hoping to buy back at $8000 or less. This was actually and ironical statement and prediction for whales to ward off weak hands which will result in missing out in the next bull run of bitcoin.
Looking at my technical indicators. the so called $8000 prediction doesn't seem possible and this might cause a Fear Of Missing Out (FOMO) on the next bull run. The bears are tired of pushing the price down and might soon be going into hibernation in the month of February.
With South Korea which have begun to accept cryptocurrency and trading due to the set regulation. This might push BTC price higher than we expected... Brace yourself and stock your favourite cryptos.
Lets take a look at bitcoin USD chart and prove the $8000 prediction wrong.
Bitcoin seem to have completed its ABC correction according to Elliot Wave with maximum support level at $9600.
MACD is in a very good buy position and gradually diverging in upward direction.
suggested buy zone is from $9600 to $12700. Hold recommenced until you feel its Ok to sell. Nevertheless, i will also share a sell signal as soon as detected.
Your comments and questions are welcome and would be responded to as soon as possible.
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This rings so true Trizle.
let's go to the moon
Lately the FUD has been immense in the BTC community. Your analysis is promising and very much appreciated thanks.
Following you now :)
You're welcome
Interesting analysis though I'm not normally into subjective TA but always curious what people think. Short term I'm bullish on BTC (and long term but it will have its ups and downs) as seen from my data below. Check this out if it interests you: https://steemit.com/steem/@weilii/introducing-the-neux-oracle-steem-and-bitcoin-trade-signals Just started following you, would appreciate a follow back if my price analysis content interests you as well :)
i followed you back and will check your post
Superb analysis as always, really appreciate these posts!
Thanks for the appreciation