Hi All,
Welcome to another TA.
Well is it going to Moon?
Definitely No , a big no as of now.
TA: We charted three possible course of action for BTC depending upon whether we are able to break the current resistance or not.
In two scenarios (Green and Orange), we should be able to touch 7300 and 7500 mark. and then fall back .
In third scenario(Yellow), BTC will fall now and then should fall orange trajectory.
Either of cases Going to moon doesnt seems to be possible(i.e.. crossing 25000 mark)
But is it possible to make small profit? Hell Yeah.
Depending upon the volume and the speed with which we test 7k mark will decide the course of action.
Market Has not lost all the interest in BTC to go to moon as we all know it is one of the mandatory condition for BTC to rise.
For now I believe BTC will try to play between 7500 and 6000 range.
PS: All of the above opinion are mere speculation, and sort of investment should be made after doing your own personal research.
If you agree hit like and subscribe and have doubt or wanna say something please do comment.
Take Care
Welcome to another TA.
Well is it going to Moon?
Definitely No , a big no as of now.
TA: We charted three possible course of action for BTC depending upon whether we are able to break the current resistance or not.
In two scenarios (Green and Orange), we should be able to touch 7300 and 7500 mark. and then fall back .
In third scenario(Yellow), BTC will fall now and then should fall orange trajectory.
Either of cases Going to moon doesnt seems to be possible(i.e.. crossing 25000 mark)
But is it possible to make small profit? Hell Yeah.
Depending upon the volume and the speed with which we test 7k mark will decide the course of action.
Market Has not lost all the interest in BTC to go to moon as we all know it is one of the mandatory condition for BTC to rise.
For now I believe BTC will try to play between 7500 and 6000 range.
PS: All of the above opinion are mere speculation, and sort of investment should be made after doing your own personal research.
If you agree hit like and subscribe and have doubt or wanna say something please do comment.
Take Care