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VacantCity@bbs profile image
Jul 14, 2022

07.14.22

Bitcoin Update 

Current Price During Publication: $20,319.44

For the Pass few days, we have been fed with FUD and it just a little while it might turn into FOMO! The CPI (Consumer Price Index) Gave all crypto a massive Candle down, but since then we have been slowly climbing back to our Previous Low. 

Some Things you want to take into account: 

Range Of Resistance: $22,590.97 - $23,416.21

In the Market, Things do not just go one way forever, things need a cool down. What we are seeing, might be the bears losing their strength and having the bulls have their way. After WEEKS of RED candles, I think the Crypto Investors are going to let us have this one. Meaning that, we can rech our previous Low, not creating ATHs. 

I can never find a good spot to buy in, so I wont let my judgement effect your trades, but I have been in since $19,500 and we are currently at $20,341 (During Publication) 

with a stop loss at $18,700

Now With Bitcoin Moving we can Take A look at ICP! 

On the Daily Of ICP, WE are SO FAR below the Fib Band Indicator! I can not stress this overload Coin is about combust with how over sold it is. Even without creating New ATHs you can see a great Profit Percentage.  

If we see a rebound from here, The Prices ICP need to reach are:
 ( $13.21 )  = 119% Gains
  ( $14.25 ) = 130% Gains
  ( $14.82 ) = 140% Gains

  ( $15.85 )  = 160% Gains 

But Trading isn't all about numbers, we also have to deal with Investors Emotions. In an Article Publish on CoinTele, an author claims that the Phycological Level Target is ( $10 ) = 66% Gains

Remember, This Market Is Very Manipulated at the moment for Big Institutions to have more control, so at any moment we can see a massive sell off. For Example look up when the CPI repost came out, and look for a massive Red Candle For Bitcoin around the same Time Frame. So Set Stop Loss Perfectly, or Wait for a Dip To Get in. Good Luck My Crypto Degens! 

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