BTC/USDT --->PREDICTION PATHWAY (Sell Position)hi
according previous analysis (attached) it comes up to touch the target but but but it has big problem and bad news for holders it would come back down again for 3 result:
1- before it touched support comes up !!
2- it has unsettled surface 2 times
3- it has some unresolved surface
in my opinion it will see lower price level again. ( i am sure.)
anyway i know some guys disagree but that's not important like when BTC was 60000 AND FINALLY RECIEVED 15K$.
Don't forget money management .
be profitable.
(I attached previous analysis)
Btcsignals
$BTC Daily Update with key S/RCRYPTOCAP:BTC #BTC WOW! Bullish engulfing played out as expected taking $29,199 support, $30,282 resisted last climb, must hold $29,742 support to reattempt at $30,282. Previous 4h closed bearish, expect $29,742 support test, RSI in oversold region on 4H and 1D also suggesting test, $30,282-$30,623 next key resistance range to watch for and then $31,372, key support areas $29,199, $28,590, $27,994.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke $28,298 support, currently testing to hold. $27,994 support in effect, 4H RSI looking good, Previous daily close failed to follow bullish close from Tuesday, last daily closed bearish. Current support range $27,478-$27,994. Must hold $27,994 to reattempt $28,781
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Bearish engulfing played out dropping towards $26,650 support which held as expected being a key support, $28,781 resistance testing as of now, RSI on 4h oversold, bullish engulfing coming up on 1D with RSI approaching oversold region, next key resistance $29,742, Current support $28,298, gaining $29,742 will help test $30,623.
Bitcoin- Back to support?On 27 September I recommended a buy trade for Bitcoin saying that the cryptocurrency could rise and test 28500 resistance.
This target was reached on Monday and BtcUsd started to drop again.
Although I had a short-term buy trade, my bearish medium-term outlook has not altered and after this new test of resistance I think Btc will roll back down to support
At this moment we have Bitcoin just above confluence support and a rebound could follow.
However, I will use this rebound for a short trade against the recent high.
My target is 25k support
BTC - DCA StrategyI just wanted to share this very quick chart
I am finding that we are at that part of the BTC cycle when people make mistakes, get impatient, give up, loss interest or feel like the cause is lost.
Its so important to realize and take advantage of these quiet periods and outline clear zones of interest.
When I find the patience and hope in me fading ill make a very small purchase and then set a bid, maybe even a large one into Zone 2 at a level im happy with. In the past this has paid dividends.
I hope this rough guide is helpful, patience is the name of the BTC game guys
PUKA