mahmoud237

Downtrend line Vs 50MA

BITSTAMP:BTCUSD   Bitcoin / Dolar
Now Btc             has to choose its path

Either break the downtrend line and goes for a bull ride to +20000
OR Breaks the 50MA "Orange line"... Breaking that line will force us to 100MA which I believe it will be the last point and we can't go further more down.

We will know very soon
Komen: Trying to break downtrend line NOW
Komen: Already broken
We need confirmation by staying above it at 4h chart

Anyway, Don't forget to put Stop-Loss at all of Altcoins
Komen: The Major resistance of Bitcoin now in 16500
IF BTC break this level we will see bloood Market
shifting fundamentals on BTC, becoming the institutional coin, going to be softer, more horizontal, no more big jumps
Balas
mahmoud237 mortonpeak
@mortonpeak, So Don't you think we will see Bitcoin +20000 in January?
Balas
mortonpeak mahmoud237
@mahmoud237, today was extremely pleasant, back in the gain box. If life moved in a linear pattern, then yes. But BTC needs discounts to grow. Holders will see drama before they get their 20k. But why not? 9% movement on the day, cast over time, sure.
Balas
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