TOBTC 👉Technical Analysis
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hi everyone, it's Sina Osivand from TOBTC
BTC is stuck in two trend lines, one up and one down
we can assume that it is in an uptrend with support at 9050 and if we lose this support we can see 8888 and if it can break the downtrend which touched it at 9470 and 9250 already it will go 9450 or even higher and touch the ceil of the uptrend line. I expect that it will touch the ceil first then dump to lower price. it's all statics and we should check any probabilities. as you can see we have 2 probability and we should consider both. but because it's been at the lowest level (floor) of the trendline and couldn't pierce the support two times. it's more likely to pump to the ceil first, in my opinion.there is no fundamental in close future for a big pump.there is a hypothesis that BTC should have a big dump in order to achieve higher prices as we all know that BTC touched the very old downtrend line (couldn't pierce it) and to complete the module we have for over 1 year. so it should dump to the main support at 5k or even lower 3900 or 4200 then go for higher prices. it may be ridiculous but I already put the buy limit at 3900 and 4200 and 5000. I believe it will happen in 1 or 2 months and complete the routine until late 2020.
This is a fact that BTC holders are all normal people like you and me and big banks and companies missed the market so it's anticipated that they impact BTC to fear people and make them sell their funds so the price dump and when it's at the lowest price they will buy it and pump it again! to 20k even 30k!I advise you all to not focus on BTC and observe as many altcoins as you can. because you can get more profit. for instance, we got over 100% in three days from an altcoin which is nearly impossible at BTC. Don't addict to BTC!
Thanks.
BTC is stuck in two trend lines, one up and one down
we can assume that it is in an uptrend with support at 9050 and if we lose this support we can see 8888 and if it can break the downtrend which touched it at 9470 and 9250 already it will go 9450 or even higher and touch the ceil of the uptrend line. I expect that it will touch the ceil first then dump to lower price. it's all statics and we should check any probabilities. as you can see we have 2 probability and we should consider both. but because it's been at the lowest level (floor) of the trendline and couldn't pierce the support two times. it's more likely to pump to the ceil first, in my opinion.there is no fundamental in close future for a big pump.there is a hypothesis that BTC should have a big dump in order to achieve higher prices as we all know that BTC touched the very old downtrend line (couldn't pierce it) and to complete the module we have for over 1 year. so it should dump to the main support at 5k or even lower 3900 or 4200 then go for higher prices. it may be ridiculous but I already put the buy limit at 3900 and 4200 and 5000. I believe it will happen in 1 or 2 months and complete the routine until late 2020.
This is a fact that BTC holders are all normal people like you and me and big banks and companies missed the market so it's anticipated that they impact BTC to fear people and make them sell their funds so the price dump and when it's at the lowest price they will buy it and pump it again! to 20k even 30k!I advise you all to not focus on BTC and observe as many altcoins as you can. because you can get more profit. for instance, we got over 100% in three days from an altcoin which is nearly impossible at BTC. Don't addict to BTC!
Thanks.
Crypto Fear/Greed Index
Status: Fear
Value: 41/100
Next Update in 19 hours
Status: Fear
Value: 41/100
Next Update in 19 hours
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