Hi there, So finally 15K mark is achieved. We are extending our target to 20k. Watch for continuation. For Further buy wait and and watch for another correction like the previous one and then look for buy. For further details please watch the video. Thanks for likes and comments.
Komen
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No sign of correction at all. We are about to hit the 16K mark.
Komen
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Here we got the correction fellows.
Komen
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Thats how you need to look at the BTCUSD if you are not in from the last low fellows. If you missed the last low here is the image then wait and watch for it to hit the low again. hostingpics.net/viewer.php?id=19509920171208.png
Komen
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Watch flag breakout fellows. If we dont see flag breakout. Then wait and watch for bottom for buy back.
Komen
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Watch bottom slightly late on this update because of the weekly market outlook. If you were there in my weekly market outlook then i think you have learnt something today what you need to watch on BTCUSD. By the way watch bottom for buy.
Komen
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Watch it to continue for upside. If price do not continue then take off at top and the look for buy at bottom again. Pattern is becoming more clear for upside. Enjoy your trade.
Komen
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If already in Watch for breakout if not in watch bottom for buy
I don’t know man. The pattern repeats until it doesn’t. There are about 10000 bitcoins in sell orders just on Bitfinex alone that need to be purchased before we reach 20k. And that’s only those that you can see. The same number is on GDAX which is by far smaller exchange. Who is going to buy all that for those prices? For comparison it would take only about 6000 bitcoins to drop the price to 11k. That’s a half of what the buy book was 2 days ago. The futures are around the corner. Just make sure guys you set your stop limits.
Wave-Trader
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@scinar03, NIce information. I think that’s gonna be much better to pay attention on the price chart rather than the order book. Price is telling us what’s happening behind the scenes. If you think price is driven by demand then just imagen what will happen when all 21 millions BTC will be created currently we are close to 18 millions and then where price gonna stop. So that’s a trading cycle after couple of days you will see that 10k BTC will no longer be there in order book. Ya use stop loss at the top I am agree with you on this
scinar03
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@Wave-Trader, That’s assuming unshakable confidence of all investors. I am confident, I got this thing for about 1000$. But half of the market got in within a past month. How hard would it be to shake their confidence? This Bull Run will continue until big guys decide to really cash out. And believe me, there are big guys out there. I think it may go beyond 20k but again – it is up to whales. If some big hands are preparing shorts on futures, would they just watch the price and pray or they would do all they can to manipulate it after futures roll out? And they can do a lot.
Price is a good predictor in rational established markets. The price of BCH was going down for months. Did it tell us what was going on behind the scenes?
kenjiy
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Thank you. The 13k was hit but it was very quick. I missed it. Should I sit and wait for another pull back?