Quote from: Lasky366 on April 07, 2020, 04:51:10 AM

Btc: Could we expect a bigger push-up?

Let's get back in the game, like i said earlier this weekend i took a long, my entries we're 6 710, 6 660, 6 610 & 6 580.

But why am i bullish?

1. Breakout from the hold downtrend channel

It's not the first time that it happened, but i still expect a good reaction from bulls.

After breaking on the 3d timeframe we saw a drop around 6 610 which was the broken resistance now turned into a support.

2. Halving vs Disbelief

From what i saw the majority lost more than 50% of their account in the last drop from 10.5k to 3.8k, we can see that a lot quit or are sitting in Usdt at the moment.

With Halving coming in a month it's the perfect moment to start pre-pumping Bitcoin. Which doesn't mean moon yet, but at least to see a normal correction from the drop.

3. Still be careful

My current strategy is to stay in the long until 7 710 - 7 975 (0.618 fibs), from there i would expect another drop around 5 300 (0.236 fibs).

If we get there, i will close my longs and will switch about 50 - 75% of my Btc position in Usdt, i don't want to miss the start of the wave up so i will always keep some Bitcoin.

If you're not in yet, i will add more around 6 870 - 6 820.

Cheers!

Btc is currently sitting at 7166 with negative 1.75% change in 24 hours, the price graph of the top 3 currency base on coinmarketcap are almost the same if you are going to check. A bigger push up will be expected if the big investors will start it because small investors can't do it by their own not only if their are countless small investors who will push the bitcoin price.

If the price will likely to hit to within your strategy 7.7k-7.9k, I cannot say that it will take that long to break the 8k especially that the halving is very near.