Bitcoin Detail Update (05.02.2018)
After every few minutes I will update this post with complete picture of Bitcoin
Bitcoin bad days in past and present with three things.Will they repeat same Pattern onward for target of 20k.
1.Price 2.ROC 3.RSI
I expect big jump from here to 20k.
HULL moving average Still fighting at current price $7580
CCI indicates upward direction with last candle to close in green expected.
I think its good buy entry for short and long term.
Sep 23 to 26 ,2017 Arroon Up intersect with Aroon down which brought about a new high.I expect same because right now Aroon up indicates upward.
Expecting Candle to remain in BB BAND.
THREE WHITE SOLDIERS PATTERN EXPECTED
Due to Bad news from China Volume decreases more
Expecting a increase in volume in next few hours.
Daily support now testing at $7700-7800
Tip:
A little drop from $7700 does not mean it broke the support level because bitcoin is a volatile currency.
I personally believe its great time to buy.I know too much rumours around
globe but bitcoin is a volatile currency that can turn in minutes.
Good luck everyone!
People just bough a lot of Christmas presents with BTC thats all! lol
Your chart analysis is probably fine but how are broke hodlers going to be able to buy bitcoin?
I believe it's a good moment to buy. This support around $7,500 is strong.
Why do you think it is strong?
This chart above in the post, shows nothing that can indicate that we are on bottom. The bottom could be lower all the way down to 5K.
What I am trying to say, is that bringing people in confusion is not good.
Either we need to see some strong reasons accompanied by technical signals or it is better to sit and wait.
i'm with you
moving average (200) is next of this level and also it's a strong fibonacci retracement.
The price could down to $6,000.
If we act conservative it's better buy if we have a high pivot confirming the recovery.
If we act agressive I believe it's a good level to buy.
blew past the 200 day - bombs away.
Awesome @salahuddin2004
yes sir @stilltnc
Hi Salah! How are you doing?
Pretty interesting updates on bitcoin! I hope this bear market ends soon!
Cheers, my friend
Hi my dear friend @humblestudent . Thank you!
hi, how likely is to have a bitcoin close to 5000 dollars, you see that price likely
Time to buy more!
Your positive analysis is the direction I want, but I am saddened that the market situation does not follow.
I hope to see good results.
price of BTC at gdax is at $7246. So the support is broken. What is the next support for bitcoin. Not sure this is good time to buy.
@sallahudin2014 dear sir, I would love to see your TA for EOS. It seems to be forming a cup and handle pattern. Huge potential. Thank you