HiTech

What To Expect From Bitcoin

COINBASE:BTCUSD   比特币/美元
After an incredible uptrend, Bitcoin reached an all-time high hitting $20,000. This was an extremely strong psychological resistance level where buyers started to fix profit. It has resulted in a massive correction where Bitcoin declined down to $9,000, losing 55%.

It seems that bitcoin found the support near $10,825 which has been rejected for the second time. This level also corresponds to 50% Fibonacci retracement level, and although price spiked lower, the daily close price remained above that level.

In order for Bitcoin to go lower, a daily close must be below $9k, it this case price could drop as low as $4k, where 88.6% Fibs. But it seems quite unlikely considering the demand and the number of investors getting involved in the cryptocurrency trading all over the world. 

As the support is holding, Bitcoin could take a break and colsolidate for some time, while range trading between $14k resistance and $9k support. If it manages to break above the $14k resistance, price could once again go up to $20k to form a double top and perhaps continue a long term uptrend and establishing new all-time highs.
评论: Bitcoin At The Massive Psychological Support - http://cryptopost.com/bitcoin-at-the-mas...
评论: Gann Fan is being rejected, up?
评论: Bitcoin breaking below the support, the question is where will be the daily close, below 9k or not.
评论: Only a close below 8840 could push price towards 4k, I don't see it happening, but lets see the reality, should be clear soon
评论: Here is the update guys
评论: the correction was about 50% from the all time high, imagine the next target, 50k?
Top Crypto Telegram Channel: https://t.me/cryptopost
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/

ETH Tip Jar: 0x79BB76B99114F9B33fd3E5477Eb05F2738D51
Just about time for me to crawl in to work and beg for my old job back. Yey! </sarcasm>
回复
from 19.8k to 7.5k is 60%+ . how did you calculate it as 50%?
回复
but why 50k specifically?
回复
9k or 4k you mean?
回复
HiTech Marzo999
@Marzo999, I mean 9k
回复
below 4k maybe lol
回复
pleeeeeeeeeeeeeeeeeeeeeeease up...I am exhausted already
+2 回复
Thanks for the analysis!
回复
Just wanted to say you are doing great on your premium channel. I like the way you stick to the plan, no unfinished business.

Keep it up
回复
HiTech marsbioform
@marsbioform, thank you
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出