BTC: Bitcoin 20k, 8k, or range in between

BITSTAMP:BTCUSD   Bitcoin / Đô la
Key Points:
- Daily chart shows a wedging towards 13900
- Next stops: 20K v 8k region v ranging between 13k             and 16k for months

It's now 19 days since Bitcoin             peaked which in crypto world feels             like a year. Whether the reprice was low enough is a big question with some investors claiming that a lower reprice would be good for the crypto leader.

Should it make a decisive move down, .5 and .618 pits stops are about 10k and 8k respectively. A sudden move up would lead Bitcoin             back into the territory of the 20,000 dollar mental barrier. I see this as a big challenge for Bitcoin             and should it breach those levels we may see 23k-27k price ranges.

It's been some time since Bitcoin             has just ranged. If you trace back to 2015 and 2016 price surges, Bitcoin             would spend months moving sideways before making further significant price moves. It very well could spend months just ranging again however the crypto market now is clearly a different animal to what it was in 2015.

Currently trading around 15k             levels with the 50 day moving average still looking strong.
Bình luận: after pressing play i can see it's back to where my chart started anyway.

big drop today - have a doji forming. Question is whether the next candle after the doji will continue down.
Nicely scaled chart this one - i reckon a slide back down the topside of the downtrend to about 14k then power drive upwards and suck all life out of the alts *)
Phản hồi
PNUTTY Nom_de_Guerre
@Nom_de_Guerre, Hey bro , thanks for the comment!.

Haha. .. now are you an altcoin hater?
This world of cryptos will benefit by an overall increase of market by all alts!

Go Bitcoin!
Phản hồi
@PNUTTY, I'm no hater of the alts or Bitcoin maximalist, if the coin is any good i nearly always keep some profit in the actual coin, my portfolio is like the alphabet lol - What i try and do is balance my holdings to match what the the BTC Dominance chart is going to do next, been steadily stacking BTC fro these easy trades since $12,100, i'm expecting it to smash the alts soon, lots of new traders have only seen BTC go down and are going to get a shock oO
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất