ThawonP

What's Next for $Bitcoin

Long
COINBASE:BTCUSD   Bitcoin
+Hello traders hope you all had a great Thanksgiving and happy Black Friday. Stores are having there sales on there products are so are the crypto markets.
+After seeing its first touch on the weekly level Coin and most other coins in the crypto space took a pretty harsh dump.
+This weekly level 19,378 was the finally resistance level before coin would reach its all time high.
+A pullback like this is healthy and should be expected due to the fact of this being its first touch on the weekly resistance.
+Now I have 2 predicts on which way markets could go.
+Number 1 being that what we are seeing is a relief rally and we actually come back down and retest the white trend level or $13,863
+This level is a monthly resistance but would become a support. if you look back at July 8th 2019 you can see we wicked this level and came right back down.
+I really think there is a chance we come back down to this level if we do not maintain $16,174.
+I also took a glance at the greed scale for crypto and many people are still greedy so there is a chance we do come back to this 13,863 level.
+My other predictions is see accumulation in the white box I have drawn and move up from there.
+regardless if we go back down or see more accumulation right now is literally a flash sale for cryptos and mostly major pairs.
+Thanks for reading my analysis on Bitcoin and remember traders Trade Smart Profit More

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