📊 BTC/USD

in #cryptomen6 years ago

🤔 While Bitcoin is unsteadily marking time, let's remember what the market is expecting from it.
The reason for such uncertainty is fully justified, because BTC is running between the very significant levels of 3350-3450 and 3650-3750.

🔎 Globally, we would like to see 3000 and 2700 to calm down, although a break below is not excluded either.
Below we can expect 1800-1900, but below 2700-2500 reaction will be already so violent that prices will not be delayed there.

A scenario of a correction of the drop from this level is very likely. Or a quick slippage to 3200 and then a correction.

There are a lot of significant levels above 🎯3570/3700/3800/3900/3950

🚫 Each of these small bastards will put sticks in the wheels.

But what will we get if it consolidates above them? ☝️

From this level we may already see movement to 4300, 4500 and even 5550.

Slippage to 6400-6500 is possible, but bitcoin is unlikely to overcome this level the first time.

Judging by how we stagnated there for 2 months, this level will be decisive at the turning-point.
The turning-point will be after consolidation above 7100-7200. 🚀

However, before that, we are more likely to see 3000-2700, so don't wait for a quick to the moon just in case.

📈 In case of a breakthrough of 3600-3700, you can place buy orders and hold stops, moving them below new levels of support.

📉 With a breakthrough down, place buy orders at 3200-3000-2700-1900 and hold stops too, if it drops suddenly to 900 and 600.

So far there is no point in writing forecasts for BTC, since let work out those that were already written in the last week.

See you again.

To the moon to all.🙏

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