Bitcoin - How low will it go?

6월 29일

Looking at BTC on the daily chart, we see price is moving downward within this channel. Buyers are currently unable to make a sustained break through of the ~$62,000 resistance level.

If price continues its downward movement, I will be looking for opportunities within the marked potential buy zone.

If price breaks above the channel, I will wait for confirmation to go long for a short-term move upwards until further data is available.

What are your thoughts on Bitcoin?




BTCUSD

7월 3일

노트

Bitcoin attempted to break out of the channel but sellers brought it back in

7월 5일

노트

Looks like btc had a false breakout of the channel and re-entered it violently. Current price is right above the PBZ. Waiting to see if it will enter it or stay right above it.

7월 5일

노트

BTC has hit the bottom of the PBZ zone which is also at the bottom of the channel.

7월 5일

액티브 트레이드

Due to the extreme high-risk of this play, I will keep my stop-loss tight in case further downside is ahead. In that case I will reevaluate the situation.

7월 5일

노트

Potential targets

7월 7일

거래청산: 타겟 닿음

Decided to secure profits as price is at the top of the channel now.

8월 2일

노트

Looks like bitcoin created a double top on the daily chart and is moving its way down. If price continues downward I expect a retest of the major support level (yellow line) which also happens to be the 50% fib retracement.

If it breaks below that, I would expect price to retest the 38.20% fib level which is around ~60,500.

Good luck.