seeing to the downward trend and support levels, i think a small bull run is very near.
we can see atmost 1300$ btc rise,from 6100 to 7400(assuming it behaves according to the trend line) through a large no. of green candles, if we see the previous upward movements inside the trend line!
also we are towards a major support level at 5850, which has been a great support level since a long time!
so even if it goes more down now, it wont go below 5850 as per my opinion.
the next big support level is very low at 4325 dollars!
DISCLAIMER: this is just my opinion about the market and its movement, i am not a financial advisor and my prediction can come out wrong too.
INVEST AT YOUR OWN RISK AND KNOWLEDGE, THANK YOU!
Yeh it's a good support level and market had tested it many times But if you look at the past bull cycle and past correction percentage then as per my knowledge market should go to 3500$ level and repeat the cycle and boom like last year
that's a very nice analysis, i will definitely see to it mate. thanks for commenting! :)
@jatinkkalra thanks for appreciating my analysis.
A coin with potential will never go much down !! Invest & Earn is the policy.
I’m buying bitcoin on your advice brother. At 5860.
Thank you for signal !!
Bitcoin is unpredictable
But dontworry in short time bitcoin bullrun start
i wonder all your predictions became true ,as i can't suffer more loss!!
Very soon the market will boom like the last year and btc will touch its all time high this tym again
Today is seem a good day for Crypto,
I seee a lot of Coin in Green specially BTC.
I hope it will rise and rise ....
Very nice and informative 😍
Keep it up
Good information shared thanks :)
will see
Bull or bear, doesn't matter now.. I am interested in steemit more
downtrend continues
Informative video bro...waiting for 2018 bull run patiently..!!!
lets see how it turns out!!!no TA is working in this market..markets have become totally unpredictable..hope everything goes up soon..fingers crossed!!
When BTC will be below $5500 then only we expect bull run
I agree with you $5850 is a major support, today is an example how it bounced back.
Good to know. That would be great if you can share some info on TA and FA so we can also do prediction.
Awesome Analysis, you are doing a doing a great social activity by informing people about this , Please share ways on how to read the charts as well ...Thanks again
Awesome Analysis, you are doing a doing a great social activity by informing people about this , Please share ways on how to read the charts as well ...Thanks again
I was also thinking about this support.. thanks for your post. I got now confidence..
this coin has its own potential, everyone is dumb "who is afraid" of this bearish market...
i wish your predictions of small bull run will come true ,as i can't suffer more loss!!