The following level should be watch for possible reversal Immediate Revesal Level: 6942 6815 6740
Critical Level to watch for if the above failed: 6455 6365 6356
Moreover, 61.8% fib level happened to be the top side of the previous Ascending triangle which make this level strong countender for possible price reversal.
#Key Level to watch# 6740 - 6810.
액티브 트레이드
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This could be final leg down.
액티브 트레이드
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Bottom of wave 4 seems to be established around 6885$. But there is every possibility of re-test of this level again. So we highlighted 6770 to 6885 to be our bottom for wave 4. Next target for wave 5 is 9900 level.
액티브 트레이드
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Finally, BTC was hit with bombshell of ETF decision date been shifted and the whole market go crazy, which broke down 6850 with full force and broke the last standing 6800 level.
Now we have a new scenario in play as next support level lies between 6300-6100.
We may have possible re-test on the previous level at 6800 before further drop.
Hi friends! Here are my views on the market outlook today for Bitcoin.
weslad
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@bibboyne, thanks for sharing
N121212
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this is my strategy when investing, not trading. if you already bought altcoin and the price got lower, don't sell but hold under all circumstances.now, you can buy the same amount (or half the amount) you bought in US when the price was high. for example, xrp was about $0.90 few months ago and now $0.45. let us say you spent $5000 when it was $0.90 and you are spending another $5000 when its $0.45. if it keep droping, wait untill it reaches $0.10 so you can spend another $5000. you have to be patient cos it could take 1-5 years for the bull market to take over. let us assume the price reaches $0.45 again and you spent $15000 in all these three scenarios. then you decide to sell. the outcome will be the first investment you lose half of it $2500 the second one you break even, the third one you make porofit 4.50x which means $22500 profit.
total spending $15000
total return $2500+$5000+$22500=$30000
net profit $30000-$15000= $15000
the reason i say to hold under all circumstances, is to minimize the risk. the time you sell and think you will buy it cheaper may never happen. of course, you can consider this option and get more coins but as i said there will be risk every time you sell.
by the way, all altcoins can lose %95 of their current values. no need to panic, patience is the key. whales and exchanges are surviving on the loss of majority of people. only few people can make it. history repeat itself, what is happening in the market now, happened few years ago, so its normal and the people who became super rich had to wait few years. I agree to what warren buffet said before
"Investing is a transfer of wealth from the impatient to the patient"
Petertec
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I also buy btc at $6850 coming week it may fly to $9000
supergoh
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@Petertec, I hope you are right.It is very strange that selling pressure has continued for so many days.
weslad
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@supergoh, its totally strange but, this pressure will go off one day if not soon. I remain bullish on BTC
Poonam1775
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If etf approval news came positive then only we can see to 9k level if delay (probability) or rejected (which is quite impossible) get ready for dump.
What you see in alts .....like how will they behave if btc rally up or down as alts are already bottomed out.
Pl give a expert view on Ltc Ada Neo all of them having news in September 18
weslad
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@Poonam1775, all is speculations for now, let see how this will play out. All the requested coins has been already posted just search for them appropriately. thanks for sharing your view