Hello traders,
hello hodlers,
i know many of you are scared at this moment and it could play out bad, but there is also a change that we saw the local bottom and getting bullish again.
What you could find in the chart:
- red line: Monthly resistance (14k)
- blue dotted lines: Monthly channel (big timeframe for next months)
- black line: Weekly channel (relevant for the next weeks)
- green lines: Next big support levels (if you zoom out, you will find 2 more - all based on monthly price action)
- yellow: 21 weekly ema (broken in september - bad news for bull cycle)
What i expect in the next weeks:
A retest of the week channel is very likely, but i think we will fail one more time.
This scenario is drawn in the chart (dotted black & orange targets).
What i expect in the next months:
If we hold support at 6,400 USD we could see a bulltrend continuation and 2020 could get very exiting!
If we break the 6,400 level (weekly candle) it will bring us more downfall.
Next targets are drawn in green.
I don´t want to bring scare, but we have to accept that the "regular" bull trend is not active since we broke 21 week ema.
I personally didn't sell any of my bitcoin hodl coins and i won´t even if we see my last support target of around 1,200 USD.
Greetings and good luck to all.
Longterm iám bullish as before :)
hello hodlers,
i know many of you are scared at this moment and it could play out bad, but there is also a change that we saw the local bottom and getting bullish again.
What you could find in the chart:
- red line: Monthly resistance (14k)
- blue dotted lines: Monthly channel (big timeframe for next months)
- black line: Weekly channel (relevant for the next weeks)
- green lines: Next big support levels (if you zoom out, you will find 2 more - all based on monthly price action)
- yellow: 21 weekly ema (broken in september - bad news for bull cycle)
What i expect in the next weeks:
A retest of the week channel is very likely, but i think we will fail one more time.
This scenario is drawn in the chart (dotted black & orange targets).
What i expect in the next months:
If we hold support at 6,400 USD we could see a bulltrend continuation and 2020 could get very exiting!
If we break the 6,400 level (weekly candle) it will bring us more downfall.
Next targets are drawn in green.
I don´t want to bring scare, but we have to accept that the "regular" bull trend is not active since we broke 21 week ema.
I personally didn't sell any of my bitcoin hodl coins and i won´t even if we see my last support target of around 1,200 USD.
Greetings and good luck to all.
Longterm iám bullish as before :)
Nota
NOTE: Don´t understand why 6,992 level is marked. It should show the line at 6,400. Maybe an error while drag&drop the line.Nota
Blue line touched!Let's wait and see, it it work as expected (support)
Nota
Bitcoin is again over 21 weekly ema!Let´s hope we rest there until next week :)
Nota
Broke of multi-year support line (*)Next levels to watch:
6,400 USD
200 week moving avg
(*) it could be a "fake-out", we will know next week
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.