BITCOIN SEGWIT ACTIVATION, PREPARE!
BITCOIN IS ON A EVEN BIGGER RISE!
This time, coming up so close to the activation, the price has been stalling . Why ? It's easy to notice the increase in sell walls all around exchanges. Bitcoin has not "crashed", those walls are not selling directly into the market, theyre trying to scare people. That's it, market manipulation. At the same time the clone coin BCH is rising in price, a lot of coincidence on this one. But let's get on track with the price movement, sure BTC is high and we might have actually peaked, you know "buy the rumor, sell the news" story everyone keeps telling you.
The thing Bitcoin is a very strong fundamental coin, and with the rise of demand, big fishes want you to sell your coin to them, before any real price movement up. If we observe the chart, Bitcoin keeps bouncing off 4k$ support, which means it's not done, at least for now. There is some force left up, and RSI Indicator is bottoming. It has made a nice Bullish FLAG, and any possible breakout will indicate a STRONG upside move, now theres the thing, don't get too excited, there can also be a downside movement, so put a tight STOPLOSS incase it does not make any upside move in the next few days.
This time, coming up so close to the activation, the price has been stalling . Why ? It's easy to notice the increase in sell walls all around exchanges. Bitcoin has not "crashed", those walls are not selling directly into the market, theyre trying to scare people. That's it, market manipulation. At the same time the clone coin BCH is rising in price, a lot of coincidence on this one. But let's get on track with the price movement, sure BTC is high and we might have actually peaked, you know "buy the rumor, sell the news" story everyone keeps telling you.
The thing Bitcoin is a very strong fundamental coin, and with the rise of demand, big fishes want you to sell your coin to them, before any real price movement up. If we observe the chart, Bitcoin keeps bouncing off 4k$ support, which means it's not done, at least for now. There is some force left up, and RSI Indicator is bottoming. It has made a nice Bullish FLAG, and any possible breakout will indicate a STRONG upside move, now theres the thing, don't get too excited, there can also be a downside movement, so put a tight STOPLOSS incase it does not make any upside move in the next few days.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.