This will be less educational - and more of my interpretation. To address any questions on the Indicators use, its heikin ashi candles, with Kelt-Bollinger Combo (KBC) & Market God Indicator. Each the KBC and Market God 5.3 can be found for free in the public library by searching the respective terms.
My bias: Bullish
I will also include levels of support in the event of a dump (immediate support levels) - you are insane if you think Bitcoin is going to $1.5k. Theres a LOT of nutheads like me that will buy the hell out of it if so.
TLDR: I think we go straight to $8k from where we are, without retesting lows. That said, be prepared incase we see 2015 similar dump to re-test those lows and a clear accumulation pattern.
Immediate support below $5k is $4.8k, $4.1k. Any breach of the $4.8k and I see a retest of mid-low 3's
Immediate Resistances above $5.2k is $5,7k $6.8k & $8k above that.
By the halving in 2020, I expect Bitcoin to be well above $10k and on its way to an ATH breakout. I will do a post later as to why that is but just know historically, BTC is on its way to a new ATH by the demand generated from the halvings.
In the event I'm wrong, Support levels below current lows are strong all the way through $2k region. In a bullish scenario, I see EOY price near $8k and in uptrend. Bear situation, I see low $3k down to high $2k range.
Regardless, keep track of market dominance as alts will want to fly at somepoint, in the non-BTC maximalists situation.
My bias: Bullish
I will also include levels of support in the event of a dump (immediate support levels) - you are insane if you think Bitcoin is going to $1.5k. Theres a LOT of nutheads like me that will buy the hell out of it if so.
TLDR: I think we go straight to $8k from where we are, without retesting lows. That said, be prepared incase we see 2015 similar dump to re-test those lows and a clear accumulation pattern.
Immediate support below $5k is $4.8k, $4.1k. Any breach of the $4.8k and I see a retest of mid-low 3's
Immediate Resistances above $5.2k is $5,7k $6.8k & $8k above that.
By the halving in 2020, I expect Bitcoin to be well above $10k and on its way to an ATH breakout. I will do a post later as to why that is but just know historically, BTC is on its way to a new ATH by the demand generated from the halvings.
In the event I'm wrong, Support levels below current lows are strong all the way through $2k region. In a bullish scenario, I see EOY price near $8k and in uptrend. Bear situation, I see low $3k down to high $2k range.
Regardless, keep track of market dominance as alts will want to fly at somepoint, in the non-BTC maximalists situation.
거래청산: 타겟 닿음
$8,350 touched on CB
Eric Thies
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Eric Thies
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.