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+--- Thread: BTC Might dump to this level if we break 7.6k (/showthread.php?tid=6056129)
BTC Might dump to this level if we break 7.6k - Flash ⚡ - Mar 11, 2020
This is a tough one. If we happen to break 7.6k this is my next target. We might get few bounces the way down but the final target should be around 4k. On my last analysis the time frame was 4h and this time it is on 1W. Does it look similar? Please check with my last thread if you want to refer. I dont feel really good about where we are doing on the 4h right now. so i am thinking of opening another short position if it pumps to the next resistance.
This setup will get invalided if we gain some new supports
This is not a financial advise btw.
Dont hate me for this mr perma bulls. If you dont like this, i kindly request you to put me on ignore lol
Thanks for checking this out.
Current chart :
Spoiler (Click to View)
RE: BTC Might dump to this level if we break 7.6k - 4158996621556 - Mar 11, 2020
im about to cry
this cant be real
RE: BTC Might dump to this level if we break 7.6k - catter1 - Mar 11, 2020
It makes zero sense that bitcoin would dump below 6k with the halving in 2 months. It's not wise to do any trading until we see the ramifications of it
RE: BTC Might dump to this level if we break 7.6k - Flash ⚡ - Mar 11, 2020
(Mar 11, 2020 06:15 AM)catter1 Wrote: It makes zero sense that bitcoin would dump below 6k with the halving in 2 months. It's not wise to do any trading until we see the ramifications of it
Yeah lets see if we can hold the support. If we dont, off we go.
Expect the unexpected. Every master shillers are shilling halvening pump. doesnt sound too good
RE: BTC Might dump to this level if we break 7.6k - Klonopin - Mar 11, 2020
oh jeeze thanks for the warning, seems a little scary tbh
RE: BTC Might dump to this level if we break 7.6k - iTwixi - Mar 11, 2020
it will not go below 5k. if it goes below 5k bitcoin the whole crypto will be dead. imagine if BTC goes to 5k what would happen to ETH and XRP?
RE: BTC Might dump to this level if we break 7.6k - shreder - Mar 11, 2020
End of 2019 we broke 7.6k also why wasn't your target 4k then?
RE: BTC Might dump to this level if we break 7.6k - 1eye - Mar 11, 2020
:) don't think 4K personally but I am bearish
RE: BTC Might dump to this level if we break 7.6k - Flash ⚡ - Mar 11, 2020
(Mar 11, 2020 08:37 AM)shreder Wrote: End of 2019 we broke 7.6k also why wasn't your target 4k then?
I wasnt analyzing like this back then. i was just studying lol. if i knew i would have called 4k then too lol. Like i said this trade can get invalided up going up and gaining some support. This trade might play out or not. it might take few days or few weeks. I am just sharing my idea.
This is a mixture of Weekly and Monthly analysis
First it was closed down on 8.3 and bounced off and closed above again. It is called a double close. it is a bullish sign. it was to shake out all the weak bears lol. if we wanted to go higher highs, it should have pumped way more in feb and see what happened in feb. we got rejected from the higher levels, and it became bearish again.
Now if we close below 7.6k (which was the resistance of the start of the pump to 10k) the probability of holding lower levels will be low. The logical place to go will be the resistance of the start of the pump from 3k. Like the place where we are right now. at the resistance of that pump from 6k to 10k.
(Mar 11, 2020 08:15 AM)iTwixi Wrote: it will not go below 5k. if it goes below 5k bitcoin the whole crypto will be dead. imagine if BTC goes to 5k what would happen to ETH and XRP?
Thats what they said when it was near 6k back in 2018 lol. what happened to eth and xrp when we went down to 3k? same thing
edit : there is a small update on the chart. chart has been updated. Everything is the same. its just what level we lost has been updated
RE: BTC Might dump to this level if we break 7.6k - ๖ۣۜEnlightened - Mar 11, 2020
7.6k level currently being tested
RE: BTC Might dump to this level if we break 7.6k - shreder - Mar 11, 2020
7.6k is broken so show me 4k. XD
RE: BTC Might dump to this level if we break 7.6k - SIM-3467872 - Mar 11, 2020
I think it won't go down below $6000 and it's good if it goes down to $4k I'm buying.
RE: BTC Might dump to this level if we break 7.6k - Flash ⚡ - Mar 12, 2020
(Mar 11, 2020 09:28 PM)shreder Wrote: 7.6k is broken so show me 4k. XD
Lets wait and see my dude. Lets see how the daily closes and weekly in 3 days
RE: BTC Might dump to this level if we break 7.6k - de_g3ntl3m4n - Mar 12, 2020
Lowkey feel like it can really supports it weight for the moment too many people playing around with it, it will fall but rise back up but fingers crossed
RE: BTC Might dump to this level if we break 7.6k - Flash ⚡ - Mar 12, 2020
Yesterdays close was above the resistance and today it started dumping. Now lets see how the daily closes. Looking at that 7137 right now. Lets see if that one bounces or not.
Monthly has to close above 8.3k then this will get invalided
I am looking at a bounce from 6.3 if it holds. probably to 8.3? retest of the level we lost?
(Mar 11, 2020 09:46 PM)SOUL々MortaL Wrote: I think it won't go down below $6000 and it's good if it goes down to $4k I'm buying.
Dont worry. we will see some bounces from 6k and trap some people