Bitcoin - Brick wall resistance
Brick wall resistance at red fat line.
Heading to blue cross where bit tears down into.
Heading to blue cross where bit tears down into.
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zoomed out view of my Bitcoin chart for those that are interested...ملاحظة
Spasms close to brick wall...ملاحظة
One new bearish attraction point has evolved. Looks like it's setting its course towards the blue cross. Hopefully it hits bulls eye.ملاحظة
Closing in on the resistance again.ملاحظة
If it breaks below the blue cross and still has a strong bearish trend - then it could fall as low as $1150 (where a Fib. ring should catch it). Don't trust the rings in this chart too much. They are very approximated...
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The scary part is that it could also bounce upwards from the blue cross. So be careful!ملاحظة
Touching the brick wall.ملاحظة
Broke through resistance. Could fall back below, but also rocket up. I.e. this info is useless for investing. Or maybe it can be used as "when in doubt, stay out" formula.ملاحظة
I made some calculations... I think there will be a fight between BTC and ETH and that both of them will oscillate in market cap touching each other at about 68 billion (that's a $700 ETH price and a $4100 BTC price). When this fight is over I think Ethereum will double in market cap (that's $1500) and BTC will crash to an unknown price.ملاحظة
Sorry from where I come from it's spelled "eachother"ملاحظة
Crashes exactly vertically over the middle of the blue cross. Coincidence?تم إغلاق الصفقة يدويًا
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