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Why Bitcoin BTC May NEVER Go Below 10K Soon!
We can learn a lot from Ethereum's ETHUSD recent breakout from 189 to 215. Let's see it's correlation with BTC & why we may 1 more chance under 10K.
Join our FREE discord: https://discordapp.com/invite/HqgQA9D
This may be a bit of an extreme opinion on Bitcoin BTC but this is based on fundamentals alongside clear technicals.
Over the last few months that BTC has consolidated over & under 10,000 it seems like there’s a genuine buyers market under the 10,000 level where people don’t mind buying BTC.
Along with that, big evens are important especially going from 4-5 digits & I believe the whales want to maintain a 5 digit numerical value towards BTC.
These may seem like simple factors but they are very important as it all plays a part in the emotional side of buying/selling assets which is 80% of what drives markets.
My ideal scenario would be a bounce at 9800-9900 again allowing for the bulls to show the bears that they’re still strong. The completion of the ascending triangle would be a bounce around 9600-9700.
If we don’t see the sellers come in then we may have a nice BTC breakout of this triangle. Looking at gold we are also seeing strong sell pressure so we may see a similar move there.
View Full Post: https://www.tradingview.com/chart/BTCUSD/g1vLiEez-Why-Bitcoin-BTC-May-NEVER-Go-Below-10K-Soon-1-More-Chance/
Subscribe to our channel!
https://www.youtube.com/user/snipers
Affiliate Links:
3Commas: https://3commas.io/?c=tc25670
TradingView: http://tradingview.go2cloud.org/SH1TG
Binance: https://www.binance.com/en?ref=11668901
Coinbase: https://goo.gl/Bd4JoA
View all episodes
By Naeem Al-Obaidi
4.7
1414 ratings
We can learn a lot from Ethereum's ETHUSD recent breakout from 189 to 215. Let's see it's correlation with BTC & why we may 1 more chance under 10K.
Join our FREE discord: https://discordapp.com/invite/HqgQA9D
This may be a bit of an extreme opinion on Bitcoin BTC but this is based on fundamentals alongside clear technicals.
Over the last few months that BTC has consolidated over & under 10,000 it seems like there’s a genuine buyers market under the 10,000 level where people don’t mind buying BTC.
Along with that, big evens are important especially going from 4-5 digits & I believe the whales want to maintain a 5 digit numerical value towards BTC.
These may seem like simple factors but they are very important as it all plays a part in the emotional side of buying/selling assets which is 80% of what drives markets.
My ideal scenario would be a bounce at 9800-9900 again allowing for the bulls to show the bears that they’re still strong. The completion of the ascending triangle would be a bounce around 9600-9700.
If we don’t see the sellers come in then we may have a nice BTC breakout of this triangle. Looking at gold we are also seeing strong sell pressure so we may see a similar move there.
View Full Post: https://www.tradingview.com/chart/BTCUSD/g1vLiEez-Why-Bitcoin-BTC-May-NEVER-Go-Below-10K-Soon-1-More-Chance/
Subscribe to our channel!
https://www.youtube.com/user/snipers
Affiliate Links:
3Commas: https://3commas.io/?c=tc25670
TradingView: http://tradingview.go2cloud.org/SH1TG
Binance: https://www.binance.com/en?ref=11668901
Coinbase: https://goo.gl/Bd4JoA