milanjelic

Bitcoin next moves and price levels-HIGH VALUED/UNDERESTIMATED

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Bitcoin             is still rebouncing in a channel (7800-8400), it could stay there for a couple a few days, but when breaks trendline market will be pulled downwards with 40-45% price drop which might cause panic sell and lower the price (5800 level even deeper).
Everything with Bitcoin             would maybe look fine (if we deny fact that sinked already from 19.000 level to 12.000 level, some rebouncing, dropped to 10.000 level and continued to go with downward pattern all the way down to the price 6.000 level making him lose 70% of it's ATH             value.
Then rebounce to 8,500 level.

So, what now?

People are talking that this correction is finished, but it seems they are actually confused in general, because EVERYONE WAS BULLISH TILL WEEK or TWO and now suddenly EVERYONE IS BEARISH .
How come?
What that means?

That means that people who are trying to predict either Bitcoin             movement or some other altcoin movement (which 100% depends on Bitcoin             ) DON'T UNDERSTAND movement in general, because whenever some big green candle appears in downtrend they state " correction is finished" " Bitcoin             to the moon" etc.
They would not be changing their minds or statements in the matter of day or week if they would be able to see bigger picture.
This is bussines enviroment and in situations like this you better don't take advices from a guy who had C- from STOCKS :).
No matter people don't understand stock exchange, they can see if they portfolio increased or did not in past few weeks.
I belive drasticaly decreased.
That happends because when people are uncertain, they take advice from someone who stands out as "high reputated" or "expert" in order to make decision in their name.
And fails few times in a row, losing for example 50.000$ money.
What i m trying to say is don't bait stories about some big rebounce, some non realistic prices, because that WON'T HAPPEND ANYTIME SOON.
Bitcoin             needs to SINK and SINK ONLY in order to restore confidence on some price levels.
Even that this Bitcoin             apparently seems stable, (doesn't sink suddenly as it did for a few times so far which results pulling entire market down) but in general doesn't seem reliable at all.
Bitcoin             may remain on this price level for a few more days , but, trendline will be "tighter" which will lead to to break trendline .
When that happends, it will go all the way down to 5.800 level (there is a posibility that it drops even deeper), but we should see how strong 5800 level of support "reacts" in a situation of sudden dips as we could see few days ago (dip to 6000 level and rebounce to 8500 level).

Conclusion :

-Don't buy stories about bullish Bitcoin            
-Price will go to 5800 level (maybe even 5400 level, then 7500 level, then will bleed out all the way down to 3000 level
-Rebuy either on 5400 level, buy high volatile coin (XRP, XLM             ), when price reach 7500 level, cashout and wait for future dips
-If not doing so, most probably people will lose some percentage of their portfolio, because if they get caught in downtrend, if not cashing out, traders might lose around 40% of their portfolio.
-Don't let you self sink with Bitcoin             , cashout on time, rebuy on next dip, liquidate (cashout) after rebounce, and wait
-So far this Bitcoin             doesn't let altcoins to grow, but even if it remains calm, it may happend that altcoin could be " cut off" on half on uptrend which depend only if Bitcoin             will decrese fluctuation and apparently acts stable).
-It's a deceptive situation, this Bitcoin             movement, don't let your self to sink with Bitcoin             (or any other altcoin)
-Cashout before dips occur
Giao dịch bắt đầu: Bitcoin seems like "aiming for lower highs" forming tripple top, trying to leave an impression of being bullish, but that is a bull trap by it self on 8700 level, there is a additional resistance on 8800 level, this is why it's rebouncing and losing on value after each rebounce (RSI decreasing as well).

Once again, please be advised that 8200 level has been tested and failed to hold, we had rebounce from 6000 level which is not main support, it's 5400-5800 (zone) where "price dips" might be "compensated" , but anyway that zone has been reached and with each rebounce losing on strenght, this is why my personal opinion is that in a certain period when drops out of "channel" Bitcoin might rebounce once again from MAIN SUPPORT (5400-5800), but as it fails to form prices on higher lows (in a specific moment), it could start reversal pattern ignoring 5800 level (which will become unstable by being constantly tested) and it will failed to hold which may lead to Bitcoin 3000 price level.
Wheather people are criticising or no, Bitcoin will continue to move (most probably down) regardless some people are opposing to that. :)
It's a healthy correction and yes, its WIDE correction, because we are in general downtrend and it's unrealistic that someone turns bullish about Bitcoin untill proven otherwise.
Giao dịch bắt đầu: Bitcoin broke upper trendline, looks bullish, but it's just deceptive situation, things could turn bearish in a few hours time.
Don't gamble with your money, we could posibly see price reversal.
Don't get tricked by big change in % values" as we speak.
I'm not pesimistic, but this Bitcoin can (arfiticialy) grow more (i doubt once again).
If price goes above 9.000 level, dont' follow, wait for reversal (7.7-8.000 level), but dont buy at this price range.
Even if it makes new uptrend, no matter how far it goes, it will imminently fail.
The herd is always wrong.

The heard was bullish at 19k.

The heard is bearish at 9k.

Why do 90% of traders lose money?
Phản hồi
@jjbb11, bigger picture still loses them, true.
Phản hồi
amazing analysis brother !
+1 Phản hồi
+2 Phản hồi
@milanjelic looks to be spot on to me
+1 Phản hồi
Sold all my investment at 8750 (way above my first entrance). Keeping just the profit part in crypto. Reenvesting all between 5000-6000. If that doesnt happen, ill just wait for a more secure entrance on the way up.
+8 Phản hồi
NOT
+4 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
Trang chủ Sàng lọc cổ phiếu Bộ lọc Forex Screener Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp Website & 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