Post
Topic
Board Trading Discussion
Re: Next resistance at 9.7k. What are your thoughts on May movement?
by
Ebenezar64
on 29/04/2018, 13:35:33 UTC
In the market you can see the emotional phases combined with the stage we're in from the top in December all the way down towards the bottom in February. i think Uptrend has no major resistance till 10200 $ , then it has a pullback till around 8500$.
Yes I think it would go even higher up to $12k before hitting big resistance
there goes my chance on getting cheap BTC below $7k Cry support seems pushing upward $8k+ now
but in cryto world, anything can happen Tongue a bit FUD and unexplainable FOMO could affect market
if suddenly major exchange got hacked or went scam, price would free fall back to $5000 Lips sealed or lower
Yes I think that is something important to remember. FUD can come from anywhere and big movements can still be affected by large holders (+1000 BTC). BTC could go to 12-15k but also down to 5k, it is hard to predict. But it is interesting to try and if you are quick to identify the trend you can make some quick profits.