Bitcoin Rally...... What next

in #mgsc7 years ago (edited)

This will be a small blog as i just wants to know people's opinion
Bitcoin is more than 30% up in last few days and all the other altcoins r blood bathing

I really don't wants to make a judgment on recent moment of bitcoin

But let's pridict what can be happen in the future in short term orr we can say in matter of 1-2 weeks..

Will there be a correction ???
Another Downtrend to 6700 ??
Starting of a bull run ???

Screenshot_20180724-122401.jpg

So guys bitcoin just crossed 8000$ resistance level and hovering around it.... What it means !!!

It could be great if bitcoin stables here for 1-2 days and gain it's moment again

But RSI showingg that bitcoin now is heavily over bought IMG_20180724_123340.jpg

We can see in the past that after suchh a big move a downtrend started just after that so it will the same this time ??
Should we take entry right now !!!

No i don't think that we had to take entry in the market right now what i think in next 2-3 days bitcoin will starts to go down and it can possibly test its 6800 support level
But RSI can move side ways and there is still more room for prices to go up...
So guys what u think ??

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I think all of this is just because of the Bitcoin ETF. Everyone is dumping altcoins and buying Bitcoin. If the SEC does not approve this ETF , I suspect a big move down again.

It will be a disaster for crypto if ETF is dumped

Any comment @banjo about my post ??

You never think about yourself?

Never gets enough time to think about myself...

And what's the proof of it?

What would u think will be enough as proof ??

You're acting like a total I don't know how.

Very rare coin bitcoin @banjo

I know right? I'm just so special.

Okk... @banjo ... I was looking at ur blog history and i can only find report cards

You don't know you don't know you're beautiful.

@ anilkadian081 i think bitcoin price next target $10000 this is my opinion and you?

@banjo what u thinl about bitcoin's current rally??

I have no idea... What do you think?

I think it's gonna be hard right now.... There will be downtrend.... It is just over hyped for ETF every one wants to book there profit in bitcoin right now and selling there altcoins..... So right now bitcoin is overbought at a very greater level

But it can be start of another bull run that can shock the world...

@anilkadian081 in my own opinion i think bitcoin might maintain its position on 8000 and above for the next 1 week and if at all it drops down am guessing between 7000$-7800$ max cause i don't see it going down to 6000$ in the next 2-3 days. In my own opinion tho 😊. Thanks for sharing

Thanks 4 an update.

Btc will rise to the star soon..

#anilkadian081 What is RSI?

It's relative strength index..... It actually shows the market's bought status...

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High volume coming i think bitcoin go to moon

@anilkadian081 it's good to know this, but what you think for how much time Bitcoin price will raise?

Now no corrections.
Am thinking for bull run

I think one dump then bull run


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Bitcoin will boom