ChasingTheMarket

BTCUSD: Ridiculously unlikely, yet scary idea

BITSTAMP:BTCUSD   Bitcoin / Dolar
If this were to pan out... how low would it send BTC             past the neckline?! 6000? What would that mean for Cryptocurrencies?

Again, we're bullish on BTC             , yet are not discarding this idea if price revisist the lower support levels.
I'm hoping it drops back as low as possible since I'm a latecomer and want some cheap coins while I can still get them. However, the RSI is looking lower again. Would anyone be surprised to see it pump again? Looks like we're setting up same pattern as previous pumps.
Balas
@IkemenJ, BTC is a scary marriage to be in right now. Run while you’re still at the altar waiting.
On a serious note though, don’t let the hype around cryptocurrencies dominate your trading and “force” you into BTC. A run to ATH is equally likely. If it does fall, don’t try and guess the bottom... follow the trend! Good luck.
Balas
Not ridiculous at all, 6000 might be a little low, but certainly around the 8k area. Of course another run to ATH is equally likely.. keeping an eye on both.
Balas
@Roon, Either way, not the happiest of marriages to be in.
Balas
ChasingTheMarket emmanuelmwenya87
@emmanuelmwenya87, You’re welcome!
Balas
that is what gonna happen in two days
Balas
@ghose12, Scary, yet interesting to see how it will shape up the markets.
Balas
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