Last thought on btc for today

[bitman007]

Hello Friends ,

Hope all are enjoying , as day is going to end here i want share last thought on btc for today hope it will help many here :

My Last thoughts on $BTC:

6420~ support
Ideally I wanna see stops below 6.5 taken out
Volume gap at 6340 = last defense for bulls

bearish signs:
Low volume, price right below resistance this time its not a bullish consolidation imo.
38% fib confluence at 6.6

Trade with care:
If you wanna go long, wait for a clean break and retest of 6.6

If you wanna go short, wait for a swing failure confirmation.

Those couple of pips more or less won't effect your profits significantly.

One last advice:
Don't try to pinpoint your entries, too much

Information overflow

 

Thanks 

Wish you all the best 

[mimiglow]

11 minutes ago, bitman007 said:

Hello Friends ,

Hope all are enjoying , as day is going to end here i want share last thought on btc for today hope it will help many here :

My Last thoughts on $BTC:

6420~ support
Ideally I wanna see stops below 6.5 taken out
Volume gap at 6340 = last defense for bulls

bearish signs:
Low volume, price right below resistance this time its not a bullish consolidation imo.
38% fib confluence at 6.6

Trade with care:
If you wanna go long, wait for a clean break and retest of 6.6

If you wanna go short, wait for a swing failure confirmation.

Those couple of pips more or less won't effect your profits significantly.

One last advice:
Don't try to pinpoint your entries, too much

Information overflow

 

Thanks 

Wish you all the best 

i think btc will crash before end of the year, and it will not be used again

[barciajay]

hope i dont go down, i really need it up and i will wtihdraw my investment

[williamshennie9]

Many people speculate that bitcoin will soon be worth $100,000

I think it has settled in the range of $6000 - $7000 for now. I think it will however, go up in the future

[Calebce]

There is a lot of both positive and negative predictions. Bitcoin’s price is volatile because it isn’t regulated, but there are no objective reasons for panic. I see a bright future for bitcoin. The coin has no serious problems that can’t be solved, on the contrary, it gives solutions. It made a reliable money transfer. Another thing for bitcoin future is the entering the crypto market of such big players like George Soros and the Rockefeller family (https://news.bitcoin.com/first-soros-now-rockefellers-move-into-cryptocurrency/). So, at the moment bitcoin can go in circles or even drawdown, but I hope that in the future we’ll see its huge growth.

[icoinvesting]

BTC analysis is a lot of things. However, the truth is that BTC is now low, so maybe it's a good time to shop?