BTC T.A (Middle Term) - 19/9/2019 UPDATE

By NPH | Altcoins to watch out | 19 Sep 2019


 

BTC UPDATE. 19 /9/2019

As previous T.A, BTC now almost retested its support around $9600. If price break $9500, it will be very bad for BTC.

Case 1: Buy BTC at $9500-$9550 SL. $9400. TP. 9800

Case 2: Wait until $9100 and place long entry at this point.

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BTC UPDATE. 11 /9/2019

BTC/USDT has broken $10k. It is bouncing back up to $10100-$10200. At this point we can Short and stop loss at $10300

On my opinion, BTC is on the way to retest its support @ $9k5.

 

BTC UPDATE. 9 /9/2019

BTC/USDT is on the way down. It has broken down the MA100 on the 8hr Chart.

On my opinion, BTC is on the way to retest its support @ $9k5 then pull back to $10k.

We can place a long order at $9k4-$9k5 and take profit at $10k, $10k1, Stop loss right below the trend line @ $9200, $9250

 

BTC UPDATE. 8 /9/2019

BTC is now still stuck below the Peak 4 @ $11K. On my opinion, 80% BTC will retest $9.5K very soon.

Following my previous post https://www.publish0x.com/altcoins-to-watch-out/btc-t-middle-term-xozren

While people saying BTC is now in Uptrend for long term; but for me, BTC is in downtrend for middle term.

BTC is decreasing from high of this year @ 14k. you can see in the below 8hr chart.

Peak 1: BTC reached $14K and start decreasing to peak 2.

Peak 2: BTC was set at $13K then down to peak 3.

Peak 3: BTC was set at $12K then now it has formed the peak 4.

Peak 4: BTC decreased to $11K. Teachnically speaking, i guess BTC will retest the support @ $9k5 then forming Peak 5: @$10K

 

Case 1: if BTC breaks peak 5 @$10K - Downtrend line, i will cancel the opinion that BTC in downtrend. 

Case 2: If BTC can not break downtrend line or Peak 5, we will see it at $9k, $8k4, $7K6

 

 

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NPH
NPH

3 Years in cryptocurrencies analysis. Hope that we all are winners


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