BTC Update & Upcoming Scenario

in #bitcoin5 years ago (edited)

https://www.tradingview.com

From the 1d charts of Bitcoin we wee btc holding nicely above 3800 – 3780 USD mark which makes it more stronger in short term.

We are seeing some parabolic momentum on the daily charts, which will be confirmed again only if btc holds above $3800 mark and breaks above $4000 mark and will be targetting towards $4250 and $4500 once confirmed.

We do see some positive divergence on the daily as well where price going up and volume going down 📌

Now let’s come to market update: as said the support and resistance above breakout in any direction will lead definite crash in alts

$3800 broke down and btc towards $3500

$4000 breakout and btc towards $4250

I hope you enjoy this analysis and I would like to receive your opinions about scenario that I exposed. What is your opinion about Bitcoin next move? Do you think the price will remain stable, will it go up or down? I think that sentiment in cryptocurrency market is probably one of the most important facto, for this reason it has a great influence on the price as we can see daily.

Stay tuned for next updates regarding Bitcoin and other cryptocurrencies.


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This is not financial advice. I don’t take into account of your personal investment objectives, specific investment goals, specific needs or financial situation and makes no representation and assumes no liability to the accuracy or completeness of the information provided here. The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation. Any expression of opinion (which may be subject to change without notice) is personal to the author and the author makes no guarantee of any sort regarding accuracy or completeness of any information or analysis supplied.

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