In our previous analysis we have plotted LEVEL 11k as the max zone for Bitcoin to drop at current stage (Check out our previous analysis for more information)
Now, if this Level breaks what's the best level to go for as per BITCOIN, 200D M.A is a Blessing for perfect bounce off!
Switch to DAY1 Chart and check old renders it's like a sniper shot,
For now if you're not sure weather to buy it now or shall I wait? Well- you can wait for final confirmation to hit 200D M.A as plotted on this chart that's the GODDEST Level to BUY WITH
----------------- Stochastic(RSI) - Oversold (Crossover expected) - [BULLISH] 200D(M.A) - Maximum Support - [BULLISH] MACD(MTLI) - Medium, ----------------- have any doubts? than, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+ Join our Telegram (link in BIO) Source - General public Information!
Sorry to burst your bubble , but BTC is going down further. 11300 and then to 10300. You may like to check Ichimoku , 1W chart with Heikin Ashi. The time dimension is important. Everything must move with time. And dont forget the Fundamental analysis part. You may like to check the terms Santa Claus Rally and January Rally in stocks. Neither the TA or the FA is lying here. We just need to stop throwing our targets on BTC for the time being. And since the effect is seasonal, crypto is not dying yet. Let them spread FUD. Time is important.
BloomFisher
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@rahulverma0127, Negative on Heikin Ashi/Ichimoku with weekly stats, It's RED Tuesday our Stock portfolio is also down as well as Cryptos and Indices like Dow Jones, It's common in trading and we have already made analysis about the seasonal effect and New years pilligrams! how ever it dosn't comply that crytos are dead, so it's important that we should take care of every other thing@
@BloomFisher Guys, correction isn't over yet.
Would you buy btc in this " cycle" knowing that it is about to fall deeper?
Of course it would hit 22k mark (later on), but we should expect downtrend.
Regards
kwarty
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Hello @BloomFisher ! It seems we should wait for lower price drop. Please, look at this one
BloomFisher
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@kwarty, No cant apply, however your Point A is good which is 11k and 200D M.A will never disappoint you! ^_^
BloomFisher
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@kwarty, Also, your original strat which is point (E) touch down, never occurred, so it makes a little hard to consider this as a valid point for Point C=A :)