sdsdfbsfsd Posted June 11, 2019 #1 Posted June 11, 2019 Bitcoin (BTC) has not experienced any substantial market movement since June 4. The world’s leading cryptocurrency has been fluctuating between $7,440 and $8,100 from the last seven days. The move has established a strict $600-wide sideways pattern, which is offering day traders plenty of opportunities to enter and exit the market on smaller profits. The bulls so far have failed to secure a breach above $8,100, now a crucial resistance level of the sideways channel. At the same time, the bears have struggled to execute a similar action below $7,440. Bitcoin Price Hinting Stable Action in Coming US Session | Image Credits: TradingView.com The bitcoin price, for now, has entered a bias conflict zone, wherein its probability of trending sideways is growing higher in the absence of stronger volume. Traders are waiting for big whales to set the next course of bitcoin trend. But nobody exactly knows the direction the price would pursue: north or south. Sideways is the New Bitcoin Bias According to cryptocurrency analyst pseudonym, the Crypto Dog, it is wiser for small traders to park their funds into a stablecoin unless a big move decides the next bitcoin trend. The analyst said he is betting on the cryptocurrency to fall further towards $7,000 but is unsure about achieving the said target, anyhow. “Patience will pay off, we’ll get a clear direction for the market soon enough.” said the Crypto Dog. So far, so nothing. As exciting as today was, bulls haven't managed to secure a breach past a significant resistance. We're still much in the same boat as yesterday, more waiting...$BTC $BTCUSD #Bitcoin Josh Rager, another prominent cryptocurrency analyst, settled his downside target $500 higher than that of the Crypto Dog — based on a textbook trading method known as the Wyckoff Method. The process typically involves a five-step approach, as shown in the chart below: Wyckoff Method Illustrated | Image Credits: StockCharts.com According to Rager, the bitcoin price was in Phase C, which means it would bounce back from the support range defined by $7,440 and $7,570 to enter Phase D. The move would further prompt bitcoin to retest the so-called SOS level of $8,117 before continuing higher in the upward direction. “In my opinion, the more it goes sideways, the more likely it’s accumulation,” said Rager fingers crossed bitcoin will moon
barbaris Posted June 11, 2019 #2 Posted June 11, 2019 If you believe this news, then we can wait for the high price of bitcoin and should be patient and wait for him to fly to the moon. I hope so and want to make a profit from it.
Kate Posted June 15, 2019 #3 Posted June 15, 2019 Oh by looking at the charts i feel like it is trying to redo the thing that happened last year where it roared high but hopefully it stays there for a long time.
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