I expect that it's understood that entering now in any crypto market involving Bitcoin is a NO GO. It's just too dangerous.
I expect Bitcoin to drop by additional 15% - 29% within next days. This is not a bad thing because in order for us to make full recovery we need to test final low which would be our final re-tracement.
My previous chart below - not much changed, just a clearer path is not visible, we broke supports - going down
Bình luận
⋅
Can we get likes for support on this idea? Thank you for support!
Bình luận
⋅
What do you think will be out bounce off point? Comment Below
Bình luận
⋅
Wanted to do a quick update on Bitcoin today. We are still bearish, look at updated chart below
Bình luận
⋅
Quick update guys today
Bình luận
⋅
Here’s my quick take on Bitcoin. We have 50% waiting for $100 Bitcoin and then the other 50% waiting for a 100K Bitcoin. All I can say is that from the looks of it, reversal is due at any time now. That purple line is a very crucial support because we have been hopping along it for several month now. I feel that if we break it in solid fashion, we may test a new low this year of around $6,000 - nevertheless I see that for now we are above it and actually had a bounce a few hours ago. It is definitely working for now.
MACD is positive and RSI has room for growth. Moving Average is neutral at this point.
There are very few avenues left for average Jane and Joe global citizen to enter the space. Banks, Visa/ Mastercard, and regulators have done a fantastic job of choking the fiat on ramps to the point where they've almost strangled it to death. Most now rely on bank wire to a 'hopefully honest exchange' where they can then buy digital air that they barley understand that will be placed on a piece of paper that they will have to take courses on in order to get it to do anything other than sit. ATMS are charging 10%-33% on purchases and sells which most will obviously shy away from. Al the market needs now is negative Tether news and it's BTC to $150 ... when Lambo ? More like when bicycle ?
On a positive not for gold, silver, and crypto, Petro-Yuan futures were launched the other day. China will no longer purchase American debt by way of treasury bonds. The American stock market is already on dodgy ground since it's doubled it's debt since the 2008 crash and now the announcement of another 1.2 trillion dollars to be printed and spent on war machines. The American dollar is worth $0.06 The Petro_Yuan is manipulated by the Chinese government, but China and Russia now own the vast majority of the physical gold on the planet. They have been buying the physical product for decades and not just an address alotment in a safe. They've been purchasing the mines as well.
If the American central bank fails, then every central bank on the planet will fall, including China.India poised to be the lead out when that time comes, but many many hard months and years ahead. Hold your gold, hold your silver and hold your BTC. This crazy train has always been headed off the cliff and we all cling to that $0.06 cent American dollar because the black box people have told us it's our salvation. .....
genesislord
⋅
@michro11,
This is an old analysis...we knew Bitcoin was coming down. Fantradervera made this analysis long long ago..
.
Gibmoses
⋅
Thanks for sharing, Here's where I think BTC is heading.
xuanhaimmoer
⋅
TheKitchenTrader
⋅
Your trend line is spot on! So far it has produced a green candle where you forecasted support. Nice work.
CryptoManiac101
⋅
CryptoManiac101
⋅
TheKitchenTrader
⋅
Very close to where BTC typically bottoms on RSI and MACD?
On a positive not for gold, silver, and crypto, Petro-Yuan futures were launched the other day. China will no longer purchase American debt by way of treasury bonds. The American stock market is already on dodgy ground since it's doubled it's debt since the 2008 crash and now the announcement of another 1.2 trillion dollars to be printed and spent on war machines. The American dollar is worth $0.06 The Petro_Yuan is manipulated by the Chinese government, but China and Russia now own the vast majority of the physical gold on the planet. They have been buying the physical product for decades and not just an address alotment in a safe. They've been purchasing the mines as well.
If the American central bank fails, then every central bank on the planet will fall, including China.India poised to be the lead out when that time comes, but many many hard months and years ahead. Hold your gold, hold your silver and hold your BTC. This crazy train has always been headed off the cliff and we all cling to that $0.06 cent American dollar because the black box people have told us it's our salvation. .....