So what can we expect from the price of Bitcoin.
Let's look at the most likely scenarios:
The first possible scenario is a rebound from the level of 8,200, with the subsequent movement to the levels of 7 400 - 7 200, where the formation of bullish divergence and a price reversal is possible.
But if the Market maker conceived an insidious plan, then they will break our stop loss above the level of 8 400, and then begin to move down. In this case, you will need to track the daily close above 8 400.
If the price manages to fix above the level of 8 400, then we are waiting for the price to move to the range of 9 300 - 9 500.
Now we have examined alternative scenarios for breaking through the 8 400 level.
And we posted the main scenario a few days earlier, see below:
As for the Altcoins, let's look at the start of the broadcast:
Now the broadcast against Bitcoin looks very good.
On the daily chart, you can see the bull divergence that appeared in mid-August and early September. You can see the main resistance at the level of 0.023, As well as the 0.028, which I marked on the chart with levels. Near the level of 0.023 passes the resist, it is marked by a red line. If we break it, we will surely go to the next level 0.028. It is possible that you will see a bearish divergence at the price level of 0.028 at the RSI in the new year. There you should fix the positions open in altcoins.
Regarding Litecoin:
You can see litecoin made a bullish divergence, a triple divergence, and formed a descending wedge. Accordingly, we can expect the following targets at the levels of 0.0082 and 0.094-0.098, I noted them on the chart.
Ripple this time overtook everyone else:
Ripple dropping for a long time and made a triple divergence from late June to mid August. Now I see the main targets for Ripple as 0.00004090 and 0.00007080, I marked them on the chart.
And along with the ethereum, it was able to overcome the MA100
If you agree with the targets of Ripple, support the idea with a powerful like and repost!
Binance Coin is surprisingly outsider in terms of speed of growth, however, we see bullish divergence as well as in previous currencies.
And this means that perhaps soon BNB will break through the resistance and begin to move to the next resistance level at 0.0024, and possibly even higher. So this is a good point to buy in the medium term.
Given the news about the $ 1.4 trillion lawsuit against Bitfinex and Tether, probably insecure investors / traders will rush to sell their tether and go to bitcoin or other stables. We will be careful since false breakdowns are possible during this period.
Write your opinion in the comments:
1. Will cryptocurrencies rise before the new year ?!
2. What amount of profits from Bitcoin are you waiting for in October 2019 ?!
3. What will be the price of Bitcoin on November 1, 2019?
Let's look at the most likely scenarios:
The first possible scenario is a rebound from the level of 8,200, with the subsequent movement to the levels of 7 400 - 7 200, where the formation of bullish divergence and a price reversal is possible.
But if the Market maker conceived an insidious plan, then they will break our stop loss above the level of 8 400, and then begin to move down. In this case, you will need to track the daily close above 8 400.
If the price manages to fix above the level of 8 400, then we are waiting for the price to move to the range of 9 300 - 9 500.
Now we have examined alternative scenarios for breaking through the 8 400 level.
And we posted the main scenario a few days earlier, see below:
As for the Altcoins, let's look at the start of the broadcast:
On the daily chart, you can see the bull divergence that appeared in mid-August and early September. You can see the main resistance at the level of 0.023, As well as the 0.028, which I marked on the chart with levels. Near the level of 0.023 passes the resist, it is marked by a red line. If we break it, we will surely go to the next level 0.028. It is possible that you will see a bearish divergence at the price level of 0.028 at the RSI in the new year. There you should fix the positions open in altcoins.
Regarding Litecoin:
Ripple this time overtook everyone else:
And along with the ethereum, it was able to overcome the MA100
If you agree with the targets of Ripple, support the idea with a powerful like and repost!
Binance Coin is surprisingly outsider in terms of speed of growth, however, we see bullish divergence as well as in previous currencies.
Given the news about the $ 1.4 trillion lawsuit against Bitfinex and Tether, probably insecure investors / traders will rush to sell their tether and go to bitcoin or other stables. We will be careful since false breakdowns are possible during this period.
Write your opinion in the comments:
1. Will cryptocurrencies rise before the new year ?!
2. What amount of profits from Bitcoin are you waiting for in October 2019 ?!
3. What will be the price of Bitcoin on November 1, 2019?
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