BTC Short-term 13 March
A small short-term BTC price movement forecast - compliments of yours truly
From big to small:
- The large converging triangle is still in play - this apex of this triangle lies in mid-July (solid white lines).
- BTC is still moving downwards after it's last trip up above $4000. I expect a bounce around $3600 (solid yellow lines).
- Interim BTC movements are in a North-Easterly direction and are accordance with diagonal Fib levels.
Made by Bit Brain with TradingView
The bigger picture looks like this:
Made by Bit Brain with TradingView
In the short-term I expect a BTC movement something like this. Volume is dropping again so the next logical short-term move will probably be a dip.
Made by Bit Brain with TradingView
Yours in crypto
Bit Brain
"The secret to success: find out where people are going and get there first"
~ Mark Twain
"By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft."
~ John Maynard Keynes
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I don’t mind a little dip but hope it is able to hold a higher low as you suggest. Also, need to consider the other cryptos holding up as positive as well, Litecoin in particular!
Posted using Partiko iOS
...right now my eyes are firmly on my KuCoin Shares!
Indeed, my KuCoin shares are pumping....I need to look into that.
It's about time that that fantastic exchange started pumping again! KuCoin is by far the most underrated exchange!