TECHNICAL POINT OF VIEW
From technical analysis point of view I would say that in next couple of weeks we can expect that price will reach 33.000$. Everything above 33.000$ is my area for placing sell orders.
There are gaps which has to be filled.
Every trendline should have at least 3 touches.
From my analysis I can see that gap fill, perfectly connects with the 3rd touch of upper trend line.
These gaps fills are also at 18.380$ ,14.280$ and 12.480$.
12.480$ is my target for next next couple of months.
PSYCHOLOGICAL POINT OF VIEW
Put yourself in head of other investors.
Ask yourself:
.
.
I would say that currently we are in the phase of uncertainty. We need big push to the upside or big push to the downside to "trick" investors aka. create manipulation of the market which will cause placing more orders on false short term pump or dump which will reverse in much bigger move in right direction.
FUNDAMENTAL POINT OF VIEW
Regulation of cryptocurrencies will definitely affect markets. A lot of crypto projects will die through regulation process. I think we will hear a lot of bad news coming out before we start a new bull run.
We need capitulation (big fall of prices) which usually is more than 30% in a single month.
This capitulation will be the answer of bad news coming out.
This is only my opinion what we can expect in next couple of months before new bull run. Nothing in this post should be used as financial advice.
From technical analysis point of view I would say that in next couple of weeks we can expect that price will reach 33.000$. Everything above 33.000$ is my area for placing sell orders.
There are gaps which has to be filled.
Every trendline should have at least 3 touches.
From my analysis I can see that gap fill, perfectly connects with the 3rd touch of upper trend line.
These gaps fills are also at 18.380$ ,14.280$ and 12.480$.
12.480$ is my target for next next couple of months.
PSYCHOLOGICAL POINT OF VIEW
Put yourself in head of other investors.
Ask yourself:
- How are they thinking at this moment?
- Where they are placing their orders?
- Are they placing buy orders or sell orders?
- Are they expecting lower prices or higher prices?
.
.
I would say that currently we are in the phase of uncertainty. We need big push to the upside or big push to the downside to "trick" investors aka. create manipulation of the market which will cause placing more orders on false short term pump or dump which will reverse in much bigger move in right direction.
FUNDAMENTAL POINT OF VIEW
Regulation of cryptocurrencies will definitely affect markets. A lot of crypto projects will die through regulation process. I think we will hear a lot of bad news coming out before we start a new bull run.
We need capitulation (big fall of prices) which usually is more than 30% in a single month.
This capitulation will be the answer of bad news coming out.
This is only my opinion what we can expect in next couple of months before new bull run. Nothing in this post should be used as financial advice.