BTC Short term prediction. It is on the way to $6000 UPDATE

BTC Short term prediction. It is on the way to $6000 UPDATE


Let's look at our last post about BTC 

"As we said earlier profit-taking might come and it already came. We are started trading the ascending trend line and looks like a downtrend started.  3 times BTC tried to pass $7250 level and every time it has been rejected the downtrend started and volume is also going down. 
this time support stays at $7000 level and buyers are defending it but sellers are more than buyers. If sellers push the price downside then it may go to support level of $6800 level and then downtrend would be faster to $6400 level. "

BTC /USD Daily Chart 

be80a80c280604b63bbdb956cedf4da11fcf1c1095414af5ef6d8beeef7e8ea5.png

As we said earlier now BTC reading around $6800 level and volume is going down, looks like market maker trying to push BTC down one more time to take some more profits. Strong resistance stays at $7000  and over resistance few days closing start uptrend again but it is not the case . Price came down from $7000 to $6800 level and now below it. It can reach to $6600 support level soon too. If it goes down lower than $6600 next support is $6400 and lower than that is $6000 but it will move back up quickly.

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skyislimit
skyislimit

Dentist since 1985, Oracle Developer DBA since 1998 and trader 2000 and up today. I try to give my best future price predictions on certain coins and I do trade same way.


CryptoCoin Predictions Series Short Term
CryptoCoin Predictions Series Short Term

I will give you my ideas about certain coins and my trading strategy about the future I just want you know that i am not a financial adviser and any information i give in here is my personnel opinion . If you follow me regularly i will post updates and future predictions about coins i hold and trade . My price predictions are short and not detail ( since i do not to bore anybody with long readings )

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