GoldenNaim

BTC/USD : Ready to play again ?

Long
BITSTAMP:BTCUSD   Bitcoin
Hello everyone,

It seems that we arrive little by little at the moment that many of us enter with impatience: the hour of truth.

Currently, two thoughts are opposed:
  • Those who think that we will reproduce exactly (or partially) the same scenario as in 2015
  • Those who think that given the actual ecosystem, which is not the same as 2015, we will not reach our bottom again, but will make a simple pullback on an expected area like that of the $4700/$4800

Chartistically speaking (wtf does this term exist?), There is a lot of similarity to 2015, and denying it would be harmful for our thinking.

Fundamentally, the game is not the same at all:
  • Crypto-market capitalization in 2015 was worth an average of $40 billion, compared to $150 billion currently
  • Bitcoin accounted in 2015 for 85% of the total crypto-market, compared to 54% currently
  • Ethereum ... accounted for less than 2%! Against 10% today
  • The eco-system, by which I mean the number of companies offering services related to cryptocurrencies has exploded!
  • ....


The market will give us its answer in a few days / weeks, but ... Place your bets, no more bets: Let's hunt!

Naïm Boubziz
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