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Bitcoin - Cycle repeats

BITSTAMP:BTCUSD   Bitcoin / Đô la
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Bitcoin needs to settle down for the next rally as it fails to achieve any big major adoption and the messy problems with its blockchain. The rally recently is in hope of the BIP91 can solve the problem. Even with BIP91 lock in, bitcoin , in this state, still far from adoption. The fact that btc has been gaining some media attention creates a best exit for whales. Money now is still on the sidelines and the rally recently will keep new investors away for some time until next major development or adoption. In TA, the cycle repeats. It's best to take some profits while you can, or limit your loss until the next signal of the new cycle shows.

This is my personal view only, so trade with your risk tolerance and good management.
Bình luận: Pays attention to 2700s level, I wold manually close my trade if it enter this zone.
Đóng lệnh: dừng lỗ: 2800 stop reached. I don't think this can make new high, as I believe market still heads for down trend in this period of time. As for now, small profit before the next signal. If this wave highest lower than the previous ATH, it will heads down for wave C.
$1843 in August .. how about Segwit? .. how about fundamental vs. technical analysis? Just HOW?
Phản hồi
spmbm749 Filipno1
@Filipno1,As I mentioned, the rapid price shooting up yesterday is believed to be based on the BIP91 fomo. The BIP91, may or may not, solve the problem with scaling block size. However, it is not a major development, or at least, not a promising factor that can attract new money flow in. From my point of view, the new BIP91 seems to make the mess more messy ~~ The price did shoot up vertically, but it doesn't decide the trend. I expect a 3 days falling price and break down below the 2670s trend line. I'll try to update when I have free time.

It's my personal view after all. The things I want to highlight here are some key supports and trend lines only. Thanks for your concern.
Phản hồi
Filipno1 spmbm749
@spmbm749, nicely said mate.. and I respect your opinion, but the candle of 7-20-2017 changed the history of Bitcoin, that is my long story short.. best of luck and have a nice day
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