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| comment | | "parent_author":"",<br>"parent_permlink":"crypto",<br>"author":"jumps",<br>"permlink":"my-concern-for-btc-usd-rally",<br>"title":"My Concern for BTC\/USD rally",<br>"body":"Dont think a wrong idea about this title and please do take this as a grain of salt and consider this not an financial advisor and this is just my opinions. Please,<br> also dont think about this post a 'rant' as i felt left out by not buying the previous price dip as the fact that i already did accumulated BTC around january 2019 if the price did rally upward to the moon and i dont mind it as my BTC will be a rising in value over long term. \n\nI do love the the rally for BTC\/USD as it's will affecting most cryptocurrency in future price. I'm sure anyone to see the price rising for any crypto we hold or we believe in - except for short trader and tethered crypto - . \n\nFirst of all. let see overall BTC\/USD chart. \n[![222.png (https:\/\/cdn.steemitimages.com\/DQmPuLCFn6aPNamQFiKujRR2M9Y6TriCVahBBsFc4X1C4Nf\/222.png) (https:\/\/www.tradingview.com\/x\/QIRzkrcm\/)\n\nNow i draw important point support\/resistance from the past history of of bitcoin. May not be accurate but you will get my point.\n*red dot = resistance being tested\n* green dot = support being tested\n\nBTC chart at 2013\n[![1.png (https:\/\/cdn.steemitimages.com\/DQmNiTn5jEbvnp5ihZ8YKmoknFbf7bSM3KhB7dYX9Sb2TsL\/1.png) (https:\/\/www.tradingview.com\/x\/lLhp8EGu\/)\n\n\nBTC chart at 2013-2016\n[![2013-2016.png (https:\/\/cdn.steemitimages.com\/DQmcqRMV89cabQMACRT4mouWnenbwGecRv8mRm1j1sUWDds\/2013-2016.png) (https:\/\/www.tradingview.com\/x\/zu5yGxOp\/)\n\nBTC chart at 2017-present\n[![download (1).png (https:\/\/cdn.steemitimages.com\/DQmUaY268HVYjT9yMBdzn95HK3uwYjdy9iBKM4Uve3a4RTx\/download%20(1).png) (https:\/\/www.tradingview.com\/x\/Nw3hk7eX\/)\n\nThere's upcoming resistance being tested in future before start upward into moon. With a high probability it's going to be hard to break around 6k-7k level without any single retracement to form a higher low.\n\nThere's many sign of bullish pattern such as descending triangle already executed,<br> MACD begin to switch into buyer momentum for a short time rally.\n[![download (5).png (https:\/\/cdn.steemitimages.com\/DQmep2x5WDjLLJ9Xn49SJCGdsoyjkqUNudwv6vfZPLs3LFt\/download%20(5).png) (https:\/\/www.tradingview.com\/chart\/l2eQSpR3\/)\n\nIf the rally keep continue. it would be great if accompany with a massive volume that higher from previous highest volume level. in order to avoid divergence between price action and the indicator as it's a sign for trend switch into bearish or bullish,<br> in this present case,<br> could switch into bearish trend.\n[![download (6).png (https:\/\/cdn.steemitimages.com\/DQmaWnAsCDUeWmReLQS8Qgo65e6AyYsscZnbFGrpJCbrp72\/download%20(6).png) (https:\/\/www.tradingview.com\/x\/W8x2zoKg\/)\n\n\nRSI is being tightening with a continuation trend line and level 70 within RSI,<br> momentum into upside movement become limited and higher change for each rally in price create a divergence or overbought territory(above 70) which prone into a retracement or slow upward movement if the rally keep continue.\n\n[![download (4).png (https:\/\/cdn.steemitimages.com\/DQmeBwWBsRApJyQsm3fjNy63qMs6SDmbZGGMByiqvAf3gKt\/download%20(4).png) (https:\/\/www.tradingview.com\/x\/jx1X0rWT\/)\n\nThis recent Indicator must be familiar to you as this weekly Stochastic RSI already in the rooftop. i know it's not a main concern for a while but i do fear the afterward effect here's recent stochastic level on the weekly. \n[![download (3).png (https:\/\/cdn.steemitimages.com\/DQmdY43A4x6RQZZZXsVZSjuQHDwBCuDEH9oxjjtKaoKYL7H\/download%20(3).png) (https:\/\/www.tradingview.com\/x\/1RTDNtHm\/)\n\n\n\n\nin the end,<br> i didnt know how the future price action will be,<br> It can be just rise up higher and with high probability a devastating fall\/retracement will followed soon.. i just provide information that being as a main concern for me if the rally didnt pause or atleast retrace to find a higher low in price action for a sustainable rally toward to moon. \nExpect alot volatility when price approaching the 6k-7k level.\nplease feel free to share your thought.\npeace..\n\n<center>![httpssteemit.comsteemit@carlos-cabezaimages-free-gif-for-steemit-community-upvote-follow-resteem-animated-banners-for-places-at-the-end-of-your-post.gif (https:\/\/cdn.steemitimages.com\/DQmfRndQK63b63KUVSx3MUgdQjaihCwqr3YsLsrbrxWiTAg\/httpssteemit.comsteemit@carlos-cabezaimages-free-gif-for-steemit-community-upvote-follow-resteem-animated-banners-for-places-at-the-end-of-your-post.gif)\n\n\n<center>[![Untitled-1.jpg (https:\/\/cdn.steemitimages.com\/DQmezY6dhKU6NDWLRXSpeziJQNr48Q2TBPFUUgFSRHQzuAc\/Untitled-1.jpg) (https:\/\/www.minnowbooster.net\/vote-selling\/?ref=880229)<\/center>\n\n\n<a href=\"https:\/\/smartsteem.com?r=jumps\" target=\"_blank\"><img src=\"https:\/\/smartsteem.com\/static\/smartsteem_banner.gif\" \/><\/a>",<br>"json_metadata":" \"tags\":[\"crypto\",<br>\"bitcoin\",<br>\"share2steem\",<br>\"blog\",<br>\"cryptocurrency\" ,<br>\"image\":[\"https:\/\/cdn.steemitimages.com\/DQmPuLCFn6aPNamQFiKujRR2M9Y6TriCVahBBsFc4X1C4Nf\/222.png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmNiTn5jEbvnp5ihZ8YKmoknFbf7bSM3KhB7dYX9Sb2TsL\/1.png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmcqRMV89cabQMACRT4mouWnenbwGecRv8mRm1j1sUWDds\/2013-2016.png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmUaY268HVYjT9yMBdzn95HK3uwYjdy9iBKM4Uve3a4RTx\/download%20(1).png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmep2x5WDjLLJ9Xn49SJCGdsoyjkqUNudwv6vfZPLs3LFt\/download%20(5).png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmaWnAsCDUeWmReLQS8Qgo65e6AyYsscZnbFGrpJCbrp72\/download%20(6).png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmeBwWBsRApJyQsm3fjNy63qMs6SDmbZGGMByiqvAf3gKt\/download%20(4).png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmdY43A4x6RQZZZXsVZSjuQHDwBCuDEH9oxjjtKaoKYL7H\/download%20(3).png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmfRndQK63b63KUVSx3MUgdQjaihCwqr3YsLsrbrxWiTAg\/httpssteemit.comsteemit@carlos-cabezaimages-free-gif-for-steemit-community-upvote-follow-resteem-animated-banners-for-places-at-the-end-of-your-post.gif\",<br>\"https:\/\/cdn.steemitimages.com\/DQmezY6dhKU6NDWLRXSpeziJQNr48Q2TBPFUUgFSRHQzuAc\/Untitled-1.jpg\",<br>\"https:\/\/smartsteem.com\/static\/smartsteem_banner.gif\" ,<br>\"links\":[\"https:\/\/www.tradingview.com\/x\/QIRzkrcm\/\",<br>\"https:\/\/www.tradingview.com\/x\/lLhp8EGu\/\",<br>\"https:\/\/www.tradingview.com\/x\/zu5yGxOp\/\",<br>\"https:\/\/www.tradingview.com\/x\/Nw3hk7eX\/\",<br>\"https:\/\/www.tradingview.com\/chart\/l2eQSpR3\/\",<br>\"https:\/\/www.tradingview.com\/x\/W8x2zoKg\/\",<br>\"https:\/\/www.tradingview.com\/x\/jx1X0rWT\/\",<br>\"https:\/\/www.tradingview.com\/x\/1RTDNtHm\/\",<br>\"https:\/\/www.minnowbooster.net\/vote-selling\/?ref=880229\",<br>\"https:\/\/smartsteem.com?r=jumps\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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