BTC Need to reach 7300 to get the steady upward move

11 thg 5, 2018

BTC may revisit the lower Trend Line at 7300 to get the necessary consolidation for the 10k move and that is what i expect that will happen after the triple rejection of the 9xxxS .If the weekly candle continues to go down it will confirm a low high formation and we will have 2 red weeks diving to as low as 7300 and may be to the 6k tremendous support if it got broken.
if we got to 6k i'll sell everything and buy in ALTs specially BCH ,ETH and XRP.
Another scenario which i personally doesn't support is going to 10k right away from here if the weekly candle closed green with a long down tale.

Happy trading
Alaa Elmahdy

12 thg 5, 2018

Ghi chú

It's Tremendously how they kept it above the trend line after a nice touch to the 0.5 Fib of 8200$ a nice bounce from here may change the fate of BTC to upward as the weekly will be closing by tomorrow and still it has some time

13 thg 5, 2018

Ghi chú

A miracle kept BTC above the trend line till now ,let's see how it will close the daily and weekly, below are the FIB levels of the BTC last move.
i still think that it may head south to the 7200 if no hard pull up to 9200 as an example. the reason for that is as we said if this week candle closes like that it confirms the low high at 9600 which is the previous candle which may mean a continuous declination to lower FIB levels of 8200 and 7800 and 7200 then if broken to 6444 which is the greatest support wall.

wish happy trading
Alaa Elmahdy

13 thg 5, 2018

Ghi chú