BitcoinLong
Bitcoin / BTCUSD - 2019 Outlook
Taking a dive into Bitcoin today.
Local supply area has been broken clean. I now expect this area to act as Demand for Bitcoin. Current area I would expect to see Bears start to show strength will be our Weekly S/R @ $7,800.
Bulls breaking above $7,800 will catch the eyes of many investors / traders, and likely push the rally via news. Now, $8,900 will be the make or break area for BTC as this is our Weekly EQ level near our 10k Psych mark.
If BTC can sustain this $8,900 area and build demand for a push towards 10k I am expecting Bitcoin to target our ATH and likely push higher. A rejection @ $8,900 will be significant for the bears as well. Until then, we ignore the FUD and grow our Bitcoins.
Local supply area has been broken clean. I now expect this area to act as Demand for Bitcoin. Current area I would expect to see Bears start to show strength will be our Weekly S/R @ $7,800.
Bulls breaking above $7,800 will catch the eyes of many investors / traders, and likely push the rally via news. Now, $8,900 will be the make or break area for BTC as this is our Weekly EQ level near our 10k Psych mark.
If BTC can sustain this $8,900 area and build demand for a push towards 10k I am expecting Bitcoin to target our ATH and likely push higher. A rejection @ $8,900 will be significant for the bears as well. Until then, we ignore the FUD and grow our Bitcoins.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.