Bitcoin Technical Analysis :
Bitcoin price is now holding at - 7,900$
Next support level - 7,400-7,200$
Bitcoin possible to move up from this support
level!
بيتكوين التحليل الفني:
سعر بيتكوين هو عقد الآن في - 7،900 $
مستوى الدعم التالي - 7،400-7،200 $
بيتكوين ممكن للانتقال من هذا الدعم
مستوى!
Till broke this support level ...
we are still expecting Bitcoin possible to
move up sharply !!!
This is my Daily candle #Technical analysis!
Hope,it will help you to understand to learn about market movement!
حتى كسر مستوى الدعم هذا ...
ونحن لا تزال نتوقع بيتكوين ممكن ل
تتحرك بشكل حاد !!!
هذا هو بلدي شمعة اليومية # التحليل الفني!
نأمل، وسوف تساعدك على فهم لمعرفة المزيد عن حركة السوق!
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Don't forget to #follow me for watch my daily update!
I agree, your take off line is way too high
It's my long-term view on "BTC"
I think it will go down more :(
Short term Sell but #Long term Buy!
Because?
follow my chart
great post but i don't agree with yor analyse , bitcoin will make a more deep correction , before it raise up
I can't see any sell opportunity right now!
Anything can happen in crypto & financial market!
We never fight with market but we can analysis market movement and it will help us to take a decision with logic!
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for me, the tendency is for it to rise to reach the $ 12,000 range and then lower and break the $ 7,000 barrier
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This is very interesting, I agree with you totally.
I agree but I think your prediction it’s too high for the bounce it might go half way then correct
I hope it those! thanks for the info.
thank your analysis and again thanks for your informational post
According to the firm Autonomous Next, the number of hedge funds investing in digital assets like Bitcoin has grown rapidly to more than 100. Since the launch of Bitcoin Futures on the Chicago Mercantile Exchange in December 2017, it shouldn’t be a surprise to anyone why the price of Bitcoin is down 50% from the high.
bitcoin.PNG
Only Retail Investors chase price and buy high and sell low, while the Professionals buy low and sell high. The Hedge Funds have purposely sold Bitcoin futures to get in a better price.
At the moment, there is a war taking place between the buyers (Hedge Funds) and the sellers (Retail Investors) called capitulation. That line in the sand was at $9000. Capitulation is when investors give up any previous gains, by selling, in an effort to get out of the market. Capitulations are outcomes that result from the maximum psychological and financial pain that can be endured by a group before throwing in the towel. The Retail Investors are throwing in the towel after seeing a more than 50% correction in the Bitcoin price to the buyers, the Hedge Funds. With 100s of millions of dollars to invest, we are witnessing an accumulation phase by the Hedge Funds between $6000 and $9000.
The Hedge Funds are loading up and buying from the Retail Investors. But to fill all their buy orders, as the sell orders dry up, price must go down to the next stack of sell orders. We are approaching what I believe will be the bottom of bitcoin at $6000. My first target is $12,000 and my second target is $17,000 over the next 3 - 9 months.
The easy money has been made over the last 12-18 months. With the big boys in the game now, the rules have changes. The question is, are you ready to play to win with a new play book?
This post is my personal opinion. I’m not a financial advisor. Do your own research before making investment decisions. By reading this post, you acknowledge and accept full responsibility of any gains or losses.
What a bullshit analysis.
Sorry - but this is no analysis this is just a moron statement.
IMO
All newbies should learn to have more respekt of the power of the markets.
Don't be mad!
You are still baby in financial market
you should learn more from my student's