Bitcoin will likely dive down as crackdown on BTC continues world wide by the banking industry. Until it is a forgotten market, it will not see the 19666 level again for a long time. Current price action, as of today, is not normal. Just in hands of a few market makers deciding the price to push u p or push down, but high volume in 5 minute candles. Triggering stops on both longs and shorts. Bitcoin is a highly manipulated market and will be for the fore-seeable future. Thats why you should not be in the space for a while. The rise of 2019 is purely a game of Bitfinex, pumping the price to fund their budget gap. In my current idea, we will see $1500 sooner then $20k.
On this date of publishing, the MACD is almost crossing bearish again on the weekly. This happened a few occasions before. Indicated a loss of about 50-70% of the current market price.
Bitcoin is not in a bull market. The crypto space will be dismantled by the banking sector and governments while defending the fiat money system.
Your Imperial Tiger
On this date of publishing, the MACD is almost crossing bearish again on the weekly. This happened a few occasions before. Indicated a loss of about 50-70% of the current market price.
Bitcoin is not in a bull market. The crypto space will be dismantled by the banking sector and governments while defending the fiat money system.
Your Imperial Tiger