Heavy BTC resistance at $20k

[cryptoadviser]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

[mk4]

That's quite a thick sell wall on BTC:USDT on Binance. But seriously though? $19,700 was just as thick just a few days ago. I wouldn't be surprised if we actually break $20,000 real soon(though I wouldn't bet on it).

https://www.binance.com/en/trade/BTC_USDT

[cryptoadviser]

That's quite a thick sell wall on BTC:USDT on Binance. But seriously though? $19,700 was just as thick just a few days ago. I wouldn't be surprised if we actually break $20,000 real soon(though I wouldn't bet on it).

https://i.imgur.com/43jpko5.png

https://www.binance.com/en/trade/BTC_USDT

I know. But I think there is going to be a lot of selling around this price. Which means investors will liquidate some money and after a couple of resistance, move money to altcoins which will rise.
Got all my clients packed with ADA and other crypto for that matter.
On the other hand, as a trader, I need to be prepared. Above $21k, new speculative investors will return. Magazines will start writing again. New high to be made. I will move to bitcoin again after $21k.

[NeuroticFish]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

Really? No. When Bitcoin is close to the point of breaking out best is to move the coins into Bitcoin and wait a little more.
I don't expect all those walls stay there, although some may sell again big at nearly 20k. But since Bitcoin has recovered that in 5 days, the upward pressure is .. big.
All in all is by far the worse moment for shilling altcoins.

[cryptoadviser]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

Really? No. When Bitcoin is close to the point of breaking out best is to move the coins into Bitcoin and wait a little more.
I don't expect all those walls stay there, although some may sell again big at nearly 20k. But since Bitcoin has recovered that in 5 days, the upward pressure is .. big.
All in all is by far the worse moment for shilling altcoins.

Ya but still. Looks like it will be bullish only above 20k.
As a trader, this I think is the shorting point for me in BTC. If other coins retreat back as well, it gives more opportunity for me to enter when BTC comes around the $9k levels (if it does).

[minhkhoa]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

I agree with your idea that buying and holding coins such as Ripple, TRX, Cardano because Altcoins have the high potential ... but Bitcoin is difficult to predict when it will go beyond $ 20,000? I am anxiously waiting for surprises to come in a few months.

[cryptoadviser]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

I agree with your idea that buying and holding coins such as Ripple, TRX, Cardano because Altcoins have the high potential ... but Bitcoin is difficult to predict when it will go beyond $ 20,000? I am anxiously waiting for surprises to come in a few months.

Chances are, they won't! I think instead of waiting on luck, you can at least partially book profits!
You can buy again for above $21,000! You would lose out on $1,000 USD for 1 BTC if you do at all! But the downside will be very less. Upside, a lot, if you move the money!

[NeuroticFish]

As a trader, this I think is the shorting point for me in BTC.

As a day trader imho the shorting would have meant trading for something stable, clearly not for altcoins "with potential", then keeping an eye on the market and see for the new short-term trend.
However, we have a new ATH and as I said, it's "the worse moment for shilling altcoins".

[error08]

just as expected, the big wall to break at $19,8k, too many sell orders at this price to pull bitcoin back to below $19k in a relatively short time.
Nonetheless, I won't sell bitcoin at this point, just wait until it reaches a little over $20K, probably $20,2k.
I have bought altcoins since a few days ago, so it's just a waiting game for bitcoin to reach the ath, following by altcoins, then sell it all.

[death69]

We have reached our all time high. So do you think we can beat this wall down? It seems big, but our uptrend has a much more power. With this momentum, we can ewsily surpass $20000 in this year

People are paying their attention on bitcoin while gold and other asstes losing their value recently. Crypto is considered as the best investment right now. People will not waste their chance, especially institutional investors

[lepbagong]

We have reached our all time high. So do you think we can beat this wall down? It seems big, but our uptrend has a much more power. With this momentum, we can ewsily surpass $20000 in this year

People are paying their attention on bitcoin while gold and other asstes losing their value recently. Crypto is considered as the best investment right now. People will not waste their chance, especially institutional investors

the possibility will always happen and I believe it, because bitcoin has become a short term and changes unpredictably both down and up in just a matter of days.
is it possible that bitcoin can go down again? the possibility will be possible if you see the trend that bitcoin has done in recent months.

whether bitcoin will be able to reach $ 20K, I say again it could happen and it is not strange anymore for the treatment of bitcoin in the past few months. anything can happen but the most important thing is the highest price will be achieved bitcoin next year not this year.

[TGD]

We have reached our all time high. So do you think we can beat this wall down? It seems big, but our uptrend has a much more power. With this momentum, we can ewsily surpass $20000 in this year

People are paying their attention on bitcoin while gold and other asstes losing their value recently. Crypto is considered as the best investment right now. People will not waste their chance, especially institutional investors

Easy is different to Possible, It's not easy since we are already experiencing a double top which means the 20k resistance is very strong and if its, The price should be sitting above 20K right now without pullback. 20K is possible to attain but real FUD start when we are near on ATH since we already experienced a heavy dump before after price it.

[cabron]

If you are hoping that Cardano is really one heck of a project then you can do that.  Some users I think have already bought up more of Cardano but its all bout how you see it. People wanted to have more BTC than any altcoin.  I can only assume why there is a big $20K sell is because that price is the peak and many will take profit to also buy at cheaper price. Why buying an altcoin is their choice.

[cryptoadviser]

Very few people thought we could make the ATH by November, The momentum towards 20K was crazy few days ago before the pull back, from 17900 it hit 19800 in just 24 hrs, no news that could have cause the pump. When the price broke the ATH in 2017 January it was sustain to a certain extent above it. If bitcoin can stay above $19k this week we can confidently arrive at $20k by the end of the week.

For sustainability, there would be a follow up buying. For trading purpose, the best method is this - Short around $20,000. Put a stop around $20,900 and then another buy around $21,000.
This was you lose only on $1,000 while a potential to gain a lot.

Note: By short, I mean move to altcoins from BTC

[tbct_mt2]

That's quite a thick sell wall on BTC:USDT on Binance. But seriously though? $19,700 was just as thick just a few days ago. I wouldn't be surprised if we actually break $20,000 real soon(though I wouldn't bet on it).

Bitcoin can break through $20,000 but only to kill shorters and when liquidations are finished the price will be weaked all the way down. The image and your description for few days change are interesting. I see how whales use fake walls to create panic and greed on traders. They set up huge fake sell walls when they need to dump price along side with bad news. The opposite action will be used when they lift up fake sell walls and give open space for greed of traders and liquidations.

Supports and resistances, buy and sell walls can be flipped.

Whales prepared for bitcoin all time high months ago when they created hype on DeFi tokens and got lots of bitcoin from DeFi.

[Om.monata]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

move bitcoin to another token. This is a mistake, it is actually moving all tokens to bitcoin because the current position of bitcoin is going to be gradually priced at $ 20k. so if you have to sacrifice assets for other tokens that's not good

[TravelMug]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

Maybe, I can't remember, but this could be the third time that we are going to attempt to break the $20k barrier. But it doesn't matter though, for sure it will just a matter of time before we can slice it like a butter. This is just the beginning, we have a lot of leg room to work on it for the whole month of December.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

Again, we can't really tell at this point, but I would agree that investors are just moving funds around crypto. So they could do, squeeze some profit and then go back to bitcoin again. It's doable as long as investors are smart when to exit the altcoin market and shift their profits back to bitcoin and push it upward to $20k or more last month of this year.

[Johnyz]

That's given because many wants to sell early and take profit but if there's a strong demand in the market I'm sure we will over power that sell wall and finally make a new all time high, this is just a matter of time. There's a lot of potential coin/token that are still cheap right now despite of the uptrend, and for sure after the focus of the investors to bitcoin, they will go for that good altcoins and make it pump as well, so stay on the good altcoins.

[crzy]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

This is a 3 years old resistance level so this is expected since we are trying to create a new ATH. We just reach this level and since there's a strong seller, we didn't succeed on our first try to break it but I'm sure bitcoin is not done yet and we will try to break it again this month before the year end. You have to be more patience, and in time we will a new Bitcoin resistance. 

[maydna]

There is heavy BTC resistance at $20,000. Last time also, this was the level.

I think it is time to partially liquidate BTC and move the money to Cardano/Ripple/Tron etc. These coins haven't maxed out yet and still have 2-3x potential.

What's your thought?

move bitcoin to another token. This is a mistake, it is actually moving all tokens to bitcoin because the current position of bitcoin is going to be gradually priced at $ 20k. so if you have to sacrifice assets for other tokens that's not good

Yes, it is better to still stick with bitcoin than to move to another token because that will need more research to know which token to altcoin can increase later. But if he can stick to bitcoin, he will have the opportunity to make a big profit, especially if the bitcoin price can hit $20k this year or next year. But it is also not advisable to moves all of the altcoin or token that you have to bitcoin because all of the altcoin and token price is not reaching the highest price. Perhaps, you can wait for a while until the altcoin season comes so that you can sell your altcoin and token at a high price. If you can do that, you will profit in bitcoin, while you can buy back the altcoin at a lower price after the price makes a correction. But that will be up to you, whether what you will select later.