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Author Topic: Above $20,500, BTC will give $4k+ move. Here is why  (Read 259 times)
el kaka22
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December 04, 2020, 04:51:53 PM
 #21

Why sell around 19700 and rebuy at around 21000? I mean we are talking about going up and not going down here. If the price is $22k right now and you said sell at 19700 and buy at $22k that would make sense but we are at $19k right now, which means it is a linear increase and there is no reason to miss out on the profit between those prices.

However I do agree that there is a huge amount of space between those prices which means above $20k we are going to be very fast to go up a bit. Yet one thing surprises me as well, normally when I see these type of emptiness I attribute to very quick increase potential but this time around I think, if we go there eventually which we probably will, shouldn't there be a lot more people who buy and sell, making it filled instead of being this empty?

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cryptoadviser (OP)
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December 05, 2020, 07:12:34 AM
 #22

Above $20,500 till where there can be some resistance, if BTC crosses this mark, there is going to be short squeezing.

Anyone who wants to sell will sell around $19500 only because that is the level. Above $21,500 - $21,000, a lot of futures trader will face short squeezing, new retail investors will enter. Easy $3,000 - $5,000 move. I guarantee.

Good ways to trade:

  • Sell around $19700. Rebuy around $21,000 and take a $4000 profit atleast.
    Another good way is to move to alts which still have 2x upside left.

Bring on your thoughts. Let's discuss, debate and predict together

Strong support is at $ 17000 to $ 17500, if you stay above this then I make sure the Bulls still dominate,
yes, if we analyze it can be seen that Bitcoin domination is still above 60%,
especially with the news that MicroStrategy is buying Bitcoin again and they still hold large amounts of bitcoin.
if the Bitcoin price is able to break the $ 20100 resistance then we will see $ 25k soon.

Absolutely. Above $21k, I will open up my service again to onboard 10 more clients. Because market becomes bullish again.
A lot of those owning alts among the current clients would have doubled their money or 2.5x.

I wouldn't buy before $10k or $21k. This is not the right place to hold. Although I see a strong bull signal since they are holding around $19,000. Not sure how long the bear would be able to hold. But I always trade on probabilities and that has worked for me.
So I exited BTC and moved to alts.
KTChampions
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December 05, 2020, 10:21:09 AM
 #23

~ I guarantee.~

In a crypt, no one can give guarantees, you greatly overestimate your capabilities. In addition, it seems to me that you have a very weak justification for your prediction - why did you decide that exactly the levels that you voice are important? Your post looks like another unfounded prediction.

Very true! No one can guarantee in this market. Even experts can't give such guarantee to people. And the OP's username is cryptoadviser, won't follow his piece of advice here.  Roll Eyes He has no charts at least to support what he was saying here. Just baseless assumptions. I hope he will not delete this post later on.

After several unsuccessful predictions, such analysts usually either end up with this activity or begin to make such vague predictions that in any development of events they turn out to be "right"  Grin
I think that if a person believes in his forecast, then first of all he will try to make money on it and not tell everyone about his thoughts.

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tbterryboy
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December 05, 2020, 03:16:26 PM
 #24

If we could move beyond 20k and stay there steady, I am pretty sure we are going to be doing much better than just 22-24 range, we are going to actually skyrocket after that. Logic should be the fact that bitcoin basically did awesome so far to reach this place but we are having both a real resistance at 20k which makes it difficult to go beyond that price, but also a psychological place where it is ATH and we haven't been over 20k ever in bitcoin history plus the last time we tried it took us 3 years to get back to this place, so people are afraid and the selling has increased like crazy.

However if we could actually go beyond 20k and stay there and basically we all agree that above 20k is now something real and we are doing it, people will stop focusing on that and focus on more gains.
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