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11k seems to be holding for now, but not that convincingly so far. I can see four scenarios happening:
We hold 11k and slowly trend upwards, testing and breaking through 12k for more bullish momentum. I can see it happening with how strong the uptrend has been the last few months and with fundamentals having an increasingly positive effect on the market (halving coming up, institutions buying up BTC for their upcoming platforms).
We range between ~10k and ~12.5k for a while. Bitcoin doesn't like to range too long. I consider this scenario unlikely.
We break down from 10.3k and establish a higher low around 9k. This would have the uptrend of the last month remain intact. A best case scenario for bulls trying to get in lower. I'm hopeful of this happening, the trend is your friend after all. Until it isn't.
We break all the way down and the whole run up from 4.2k was just a huge bulltrap. Bitcoin likes maximum pain but come on. If that happens I'm out. It just ain't happening. Famous last words.
https://i.imgur.com/KjRUkB2.png
Source: this guy from reddit: https://www.reddit.com/user/ChrisMrShowbiz
We hold 11k and slowly trend upwards, testing and breaking through 12k for more bullish momentum. I can see it happening with how strong the uptrend has been the last few months and with fundamentals having an increasingly positive effect on the market (halving coming up, institutions buying up BTC for their upcoming platforms).
We range between ~10k and ~12.5k for a while. Bitcoin doesn't like to range too long. I consider this scenario unlikely.
We break down from 10.3k and establish a higher low around 9k. This would have the uptrend of the last month remain intact. A best case scenario for bulls trying to get in lower. I'm hopeful of this happening, the trend is your friend after all. Until it isn't.
We break all the way down and the whole run up from 4.2k was just a huge bulltrap. Bitcoin likes maximum pain but come on. If that happens I'm out. It just ain't happening. Famous last words.
https://i.imgur.com/KjRUkB2.png
Source: this guy from reddit: https://www.reddit.com/user/ChrisMrShowbiz
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Jesus, chainlink is going and going https://coinmarketcap.com/currencies/chainlink/
4chan was right
4chan was right
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https://minepi.com/fantasticsiur
Found an interesting project today.
If you decide to give it a try don't forget to use code "fantasticsiur"
Found an interesting project today.
If you decide to give it a try don't forget to use code "fantasticsiur"
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so I'm away for a month and this happens.
luckily I'm all up in shitcoins so I didn't make any profit..
luckily I'm all up in shitcoins so I didn't make any profit..
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Content filters
- Announcements 11 months ago +
- Help/Support a year ago +
- News 5 months ago
- Understanding cryptos 9 months ago +
- Investing 9 months ago +
- FAQ 11 months ago
- Crypto Trading 9 months ago +
- Fiat Trading never +
- Swing Trading never +
- Technical Analysis never
- General 10 months ago +
- Memes 8 months ago +
- Bagholding never +
- All posts
Welcome
+
Guides
+
Trading
+
Lounge
+
About
Created on: July 01, 2019
Privacy: Public, any member can post
Description: Crypto Related talks. Don't spam stuff because you'll get banned.
Rules: Don't spam shit. Don't shill your shit. Don't promote your sites. Don't advertise ICOs, don't post links related to airdrops unless they are top50 coins with legitimate projects.