BTC - 100.000 on horizon.

COINBASE:BTCUSD   Bitcoin / Đô la
Look at the chart and ask Yourself
- Hey, how do You think where price of BTC 0.88% is most likely gonna stop and reverse?
“Oh, I like trend lines and I see weekly chart and I see that BTC 0.88% proved this as I strong support in a past so this time it will hold my lovely BTC 0.88% as well.”
I tell You something - stop lying to Yourself - BTC 0.88% pierced trend line last week and is struggling to climb above this week so most probably price going down.
“Oh I like Moving Averages and I see that 50 MA ( yellow line ) is holding price so BTC 0.88% will bounce and fly off to the moon.”
I tell You something - stop lying to Yourself - MA is a very poor price indicator, in fact MA is just average of past price. If You take 50MA it will show You average price of 50 past candles close. Nothing more, nothing less. No magic there.
“Oh I like Resistance and Support and by the look on the chart I see that my nearest support is around 5800 - 4800 level.”
I tell You something - keep on like this and one day You will star making money without asking people - is it a good time to buy?
Support and Resistance is good indicator of price movement. If You add volume which shows that not much has been sold so far You soon realize that next stop for BTC 0.88% is 5800.
For those who hope - see You on the MOON
I don't wanna be rude but this is a really noob TA.
+2 Phản hồi
@burakb, I won't classify this as rude if You explain why in You opinion this is noob TA.
+2 Phản hồi
Linear scale on such a large time frame? Theres no long term resistance at 6,800 at all. Diagonals are a meme
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balocik vinnieb92
@vinnieb92, Thanks for sharing Your opinion.
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Morgan Stanley is going to publish something big for BTC on monday pro crypto... wait and see
+9 Phản hồi
balocik GazMema
@GazMema, Thanks for info.
+1 Phản hồi
GazMema balocik
@balocik, 100k soon :)
+4 Phản hồi
BTC 7 Day MA went under the 231 MA and that can only spell one thing.....the day traders are now cutting into the billionaires boy club, the billionaires boy club will not have this and will push the price lower. Just a matter of time till it goes down now, and I had to learn this the hard way trust me...just trust me...Sadly BTC is not bullish and it wont be until it corrects 100% again.
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balocik mjtrustme
@mjtrustme, I will trust You if You tell me what "mj" in "mjtrustme" stands for.
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mjtrustme balocik
@balocik, Marc-James my mother gave me two first names no middle name
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