As u can see most bought at around 8k. So i can expect a lot of resistance there. SO we are heading we are heading for 8k for sure, then we are going to nose dive again. There question is where to .
But if we hold this dive then we are heading higher into 10-11k.
**LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask. If you got a question, ASK away!
Thank you, Ajion
Komen
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Komen
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Komen
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Komen
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This drop is right on schedule, market is testing if this is a pump, and if btc has any actual support at low 7k prices. We can reach 8k without showing a leg down to determine the direction and pace of the next rally. Provided btc has enough momentun to build on previous growth to get to 8k.
@SwimInWaves, Ha, i never really understood the difference ;)
djamison
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even with ETFs in Aug 10th ? and launch in Q1 2019
Ajion
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@djamison, The dates don't necessarily mean that exact time, they represent a price point in time. SO if we reach that price sooner, then correction will happen faster, or events will start unfold faster. We have a LOT of bag holders above 8k. So it is not going to be a straight line getting there. It can be just a few more hacks and we are back to where we started. Even if are in the beginning of a new bull cycle.
sushrest
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looks like 7.3k will be good support after 8k
Ajion
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@sushrest, Looks like it, lets see if we can reach that 8k