Hi every body,
after a long time I post my last TA of Bitcoin -0.49% , maybe there are some thing not going like we predict but don’t worry.
As the last time when I predict Bitcoin -0.49% has the low in 7000-7200 but it down to 57xx ( lowest point ) and it break the triangle pattern and create a strong support in 5700-5800 area.
Bitcoin -0.49% also go like my predict that it must go up again but there are some little wrong in this time, I think Bitcoin -0.49% make sure go up to 7700-7900.
( You can see in the chart I draw )
Some criteria for up coming will be:
- Bitcoin -0.49% create a double bottom in 5700-5800 so it must be very strong support and each time Bitcoin -0.49% go there, many Bull member buy and buy and buy a lot that make Bitcoin -0.49% can not go lower.
- This is the second time Bitcoin -0.49% touch 5700-5800 from this year and we can hope it has nice bounce from there.
- MMAR indicator: Bitcoin -0.49% go up and break all the resistances with 2 candles
- Ichimoku indicator: Bitcoin -0.49% break the red cloud and go up, it does not under the cloud so may it go up?
- The market reaction with the BEAR with 2 big up candle with big volume and suddenly break all resistance, it must be true reaction of market and a lot of people want to buy as much as possible in this area.
Explain about the up-way of Bitcoin:
- I use MMAR and Ichimoku and Fibo to defind the resistance for Bitcoin -0.49% also combine with Fib Speed Resistance Arcs.
- I draw a trend to find the support and resistance
- There is 1 blue candle that break strong resistance so Bitcoin -0.49% continue go up with this situation.
All my idea that I have draw in above and you can get for your reference.
Target for this time: 7700-7900$
I WILL NOT TAKE A RESPONSIBILITY ABOUT YOUR ACCOUNT AND YOUR MONEY SO STAY HEALTHY AND SMART INVEST