Post
Topic
Board Speculation
Re: Bitcoin going $1000
by
hurry_hore
on 30/03/2018, 23:43:03 UTC
Are you ready about this one ?

I assume the candle stick time frame is daily, my understanding is :
1. Now the candle stick is in strong support for uptrend, previously support was touched at around 7000 USD and now seems at 8000 USD.
2. During touching 7000 USD, it was formed doji star that usually as indicators for reversal from a trend even some also see it as unsure.
3. The resistance 1 will be at 12.000 USD during reversal, it can be return to down or continue uptrend if the resistance 1 is broken.
4. There is possibility also the price continue its downtrend but will be touched at around 5000 USD.

My suggestion: If price continue its downtrend, we should leave the market at 7000 USD and see at 5000 USD whether broken or reverse. If reversing, get ready to buy.