BTC/USD, Bitcoin can Hit $8500 and start a pullback after

2019年5月14日

Bitcoin is close to a key level $8506 I think the price will hit it today or in 1 -2 days.

Mostly price moves with cycles
Accumulation > Move > Pullback (2nd accumulation) > 2md Move. Some instruments can repeat such cycles many times.

BTC made a powerfull up move without any good pullback, I don't believe that big player will let the public make a lot of money. They will come back for their stop losses or breakevens.

That's why I will pay more attention to BTC/USD and its reaction on $8500

2019年5月14日

註釋

Price is still bullish

I wait how it will react on key level $8506

2019年5月14日

註釋

2019年5月14日

註釋

BTC Still bullish, Hold buy till key level
There is no signal that price will return

2019年5月15日

註釋

Price still bullish
You see ho many candles bounced from Red level

Still, wait for price reaction on $8506

2019年5月16日

註釋

Price still bullish as you see on the chart, the price bounced from upward line
It looks like price will continue up move

I still think that price can start a pullback from $8506 but we need to see a price confirmation

How it could look on charts