Bitcoin dangerous 12k

in #teammalaysia4 years ago

img_0.10232385342631807.jpg

Img src: tradingview.com

The 12k trendline has been tested many many times. Failure.

Well, the good side of things is that, there is still time to buy Bitcoin and altcoins before the super bull rally does come. This has been I guess the forth time it tested the 12k price point. It is just like this when Bitcoin was going still at 9.7k and was heading to 10.5k. It took a while before it could smash that level.

No one truly knows when it is going to be above 12.5k but if it does, everything is going to go wild.

#Ethereum 2.0

Just around the corner, is Eth 2, phase 0. Initially set to launch in November, it has set sights for an earlier date which is rumored but unconfirmed to be at the end of the month of September. Why move a month ahead? If it does launch by then. I guess, there is a need for more test just to have everything running smoothly.

Last night Eth blasted through the roof. To be honest, I got a bit scared as I did not expect such speed. So today came and prices are much lower but not below the 400 USD mark. On its way down, I sold off at profit and rebought lower. The current support is around 440. It could go lower but that's where the current support lies. I guess,many got caught off guard. Well, if you want to get a better idea of where things are heading at a more accurate level, check out the 4hour charts. It shows you more details. The one day charts show you a rough idea of the whole distant weekly trend cycle and the weekly chart can be used to observe a bigger picture.

I did not put alot of pictures here because if I typed a lot of words and later if I close the Ecency, there may be a change, some parts go missing.

Do be prepared and buy the diips, the best time is to wait for everyone to fear. When your happy, be extra cautious. Price diips are healthy as there is a need for profit taking, breaks as cryptos doesn't have any rest at all. These are breaks to have us resting for a while.

@luueetang

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