WhiteBit_Analytics

BTC weekly chart. What can we expect?

Long
BITSTAMP:BTCUSD   Bitcoin
Hi, mates!

We want to share our view at BTC.
Weekly chart showing, that we are in Bull market. RSI is holding above 50. Reaccumulation continues almost for 3 month.
Volume decreasing - typical situation in the end of the pattern.
Triangle usually break to the trend direction.
Many altcoins showed good reversal sings, volumes increased before pump on #TRX, #BTT, #XLM #ETH

Q4 of 2019 will likely be even more bright than the Q1 and Q2, when crypto-investors and traders went crazy.
Do you remember the euphoria, its smell, with shouting about growth sounding from every corner?
Now the sentiment is negative, which is typical for an ending correction.
Many see in it the death crosses, bearish patterns and other things that should drown the market in blood and liquidations.
People aren't buying now, but they will later and at a higher price, when the euphoria strikes again.


Follow us and our ideas, we will update ASAP and other coins review.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.