FUTURE BTC PRICE ACTION PLAYING OUT. What do you think?
It appears the future BTC price action is being tested in this 4-hour candle.
Support - $3561.50 - A break below will bring some high volatility and your guess is as good as mine!
Resistance - $3737 - A break above will see massive short interest build.
Analysis - The shorts a taking a break and allowing time for the price action to float upwards from recent lows. There is plenty of room for the Shorts to bring BTC down to my predicted price level of 3k by February.
What is BTC true value? What do you think -- let me know. Leave a LIKE and a comment, or post a chart.
Trend: Long-Term -- BEARISH
Trend: Short-Term - BEARISH
Predicted price based on past trends is 3k by February and the high probability we trade well below those levels in the near future. It is best for BTC to trade flat to demonstrate it can be a safe-haven store of value before I can see institutional money pouring in. We are talking billion dollar funds making a play in BTC would drive the prices to obscene levels before they took their profits and ran, left only with a ton of money and some frivolous lawsuits.
I believe that BTC is too hot for trading and demonstrates too much risk for the average investor. If you do not understand blockchain, can't explain what cryptos are and what they can be used for, you have no business trading them, IMHO!
If you pinned me down and MADE me choose a trading strategy I would be looking to short when we reached $4200 - $3789 levels or my comfort zone, but only if you made me choose a trading strategy!
Good luck. See my analysis on BTC where I explain price action and correctly predict trend and direction along with news articles demonstrating the artificial run-up in price and manipulated short!
- I have no position in BTC, but I am in ETH,
Support - $3561.50 - A break below will bring some high volatility and your guess is as good as mine!
Resistance - $3737 - A break above will see massive short interest build.
Analysis - The shorts a taking a break and allowing time for the price action to float upwards from recent lows. There is plenty of room for the Shorts to bring BTC down to my predicted price level of 3k by February.
What is BTC true value? What do you think -- let me know. Leave a LIKE and a comment, or post a chart.
Trend: Long-Term -- BEARISH
Trend: Short-Term - BEARISH
Predicted price based on past trends is 3k by February and the high probability we trade well below those levels in the near future. It is best for BTC to trade flat to demonstrate it can be a safe-haven store of value before I can see institutional money pouring in. We are talking billion dollar funds making a play in BTC would drive the prices to obscene levels before they took their profits and ran, left only with a ton of money and some frivolous lawsuits.
I believe that BTC is too hot for trading and demonstrates too much risk for the average investor. If you do not understand blockchain, can't explain what cryptos are and what they can be used for, you have no business trading them, IMHO!
If you pinned me down and MADE me choose a trading strategy I would be looking to short when we reached $4200 - $3789 levels or my comfort zone, but only if you made me choose a trading strategy!
Good luck. See my analysis on BTC where I explain price action and correctly predict trend and direction along with news articles demonstrating the artificial run-up in price and manipulated short!
- I have no position in BTC, but I am in ETH,
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.