Bitcoin has passed through the descending trendline and is currently retesting (March 7, 2018).
There are a couple scenarios we're faced with now:
1. If it breaks back into the channel then it will likely perform another downward wave towards the 5000 - 6000 area.
2. Pending an upward bounce, rejecting the trendline, we may see Bitcoin in a long term uptrend again, probably moving back towards the 12,500 level. And if it breaks above that and holds? Maybe even back to 17,000 - 18,000 level.
We think it's very likely that Bitcoin will see 12,000 soon, but a move up to that 17,000 level is still uncertain.
We'll update our thoughts on this later.
2018 promises to be a good year for crypto though, and with Bitcoin still leading the pack, we expect it to rise as well.
Do your due diligence before trading!
There are a couple scenarios we're faced with now:
1. If it breaks back into the channel then it will likely perform another downward wave towards the 5000 - 6000 area.
2. Pending an upward bounce, rejecting the trendline, we may see Bitcoin in a long term uptrend again, probably moving back towards the 12,500 level. And if it breaks above that and holds? Maybe even back to 17,000 - 18,000 level.
We think it's very likely that Bitcoin will see 12,000 soon, but a move up to that 17,000 level is still uncertain.
We'll update our thoughts on this later.
2018 promises to be a good year for crypto though, and with Bitcoin still leading the pack, we expect it to rise as well.
Do your due diligence before trading!
Not
Bitcoin has re-entered the channel, we have not entered long or short yet. We'll see what happens...Not
Bitcoin re-entered the channel. It's going to move even lower...
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.