BTC will go down before it goes up

5 Mar

BTC is at ATH levels already without taking a breath on the way up. I believe we will see some heavy sell pressure at these levels which will push the price down for now. Here's some of my reasoning:

• BTC has seen a sharp rise since the beginning of this year with no time for it to breathe.
  
• Cyclically, ATH breakout occurs November of this year which is still 8 months away.
  
• Volume is low
  
• Orderbook has lots of sell orders at 70k.
  

15 Jul

Catatan

Looking good for October-November breakout

5 Agu

Catatan

A significant support level has been reached. This is a great spot to go long

9 Agu

Catatan

Sharp recovery from support

14 Okt

Catatan

I believe BTC has seen it's last leg of downwards consolidation and we will only see upwards movement from now on into the next parabolic run.

kemarin

Trade aktif

Breakout. Next resistance 105-110k