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

By NPH | Altcoins to watch out | 9 Sep 2019

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

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


How do you rate this article?




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

Altcoins to watch out
Altcoins to watch out

Altcoins with high potential move up

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.