Will BTC fall again?

30 ביולי 2018

I'm bullish for BTC in long term. Especially since it has finally reversed back to global uptrend. But currently it is being oversold and most probably will have a swing down to ~7500-7700 before the next jump. Its a short term predition which should happen within a day or so.



Frankly I don't see BTC open to classical technical analysis. It shoots itself in both directions and only small timeframe momentum oscilators may predict its next move. Now its moving in an uptrend parallel channel which it may break very soon. Keep tight stoplosses for your alts or better leave them even with negative profits as it wil be better to pick them up later at lower prices. And turn of your bots too =)

We have a lot of resistance (and support) on a tight spot between 8150 and 8260 so its a battle.



Another possibility is that BTC will bounce of channel line. Diagonal lines are not strong support so one shouldn't rely on it but it is still possible. If that happen it will go up to 8500 forming a support level there for further jump to 9000. Very unlikely but possible =)

30 ביולי 2018

הערה

Ha ha ha! No, Bitcoin doesn't want to fall now ))) that's approximately 4+ % in 1 hour.

31 ביולי 2018

הערה

And here we are watching the fall. Just before the first bounce. Good moment to buy back I think. Not a financial advise as I might be mistaken.

31 ביולי 2018

הערה

Just to specify a bit what I wrote - first bounce means it may fall deeper. Nobody really knows =)

31 ביולי 2018

הערה

Going down to around 7600. That will be our support from where BTC can grow to 8500-9000. Just above the 618 fib level.

14 באוג׳ 2018

הערה

Well, the fall apeared to be a real disaster. If we won't hold 6000 we are doomed. I'm really pessimistic about BTC future now. Maybe not about the future but possibility to ever get back to 9000 is really small.