Bitcoin #BTCUSD 9th Feb 2018 Update : Limited Upside potential

in #bitcoin • 7 years ago (edited)

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BITCOIN #BTCUSD Update : 9th Feb 2018

Hello everyone

This is the latest projection for #BTCUSD. Good Luck. Notice on the volume (although not exceeding the previous vol which is higher) and the PA suggest upside potential (valid bullish engulfing)

Screen Shot 2018-02-09 at 9.56.59 AM.png

View the charts - #BTCUSD on Tradingview .

Why Upside is limited?

Please view my previous update is here - #BTCUSD .

Keep these wise words in my mind and yours too!

DO NOT UNDERESTIMATE THE MARKETS :)
DO NOT UNDERESTIMATE THE MARKETS :)
DO NOT UNDERESTIMATE THE MARKETS :)
DO NOT UNDERESTIMATE THE MARKETS :)

Good Luck
Superblocks
http://t.me/superblocks

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#cryptocurrency #btcusd #analysis #teammalaysia
7 years ago in #bitcoin by
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     7 years ago 

    In the latest update you project a up, followed by a massive downtrend. Could you explain what gets you there?

    Thanks

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       7 years ago 

      @pale81, i could be wrong, but i think there is more downside potential first before we have the major bull run

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       7 years ago (edited)

      Thanks for the reply.
      I understand, but the question is, why do you think there is more downside potential and why do you think it will fall again.
      The February dip, was because of to much (mostly untrue) FUD-News, do you think this will happen again?.

      What let you think it will make this huge dip after the bullish run to 11k+?
      Meanwhile I believe this will happen, too. But only because of so many people say that this would happen, without pointing out the reason of this predictions.

      Hope you understand my question, not my native language : )

      Regards

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