Why Bitcoin BTC May NEVER Go Below 10K Soon!
Cryptocurrency Technical Analysis with Naeem Al-Obaidi
English - September 18, 2019 09:26 - 10 minutes - 14.1 MB - ★★★★★ - 13 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
We can learn a lot from Ethereum's ETHUSD recent breakout from 189 to 215. Let's see it's correlation with BTC & why we may 1 more chance under 10K.
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This may be a bit of an extreme opinion on Bitcoin BTC but this is based on fundamentals alongside clear technicals.
Over the last few months that BTC has consolidated over & under 10,000 it seems like there’s a genuine buyers market under the 10,000 level where people don’t mind buying BTC.
Along with that, big evens are important especially going from 4-5 digits & I believe the whales want to maintain a 5 digit numerical value towards BTC.
These may seem like simple factors but they are very important as it all plays a part in the emotional side of buying/selling assets which is 80% of what drives markets.
My ideal scenario would be a bounce at 9800-9900 again allowing for the bulls to show the bears that they’re still strong. The completion of the ascending triangle would be a bounce around 9600-9700.
If we don’t see the sellers come in then we may have a nice BTC breakout of this triangle. Looking at gold we are also seeing strong sell pressure so we may see a similar move there.
View Full Post: https://www.tradingview.com/chart/BTCUSD/g1vLiEez-Why-Bitcoin-BTC-May-NEVER-Go-Below-10K-Soon-1-More-Chance/
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