Bitcoin is not following trends. Prepare for the moon visit!
Dear Traders,
I would like to share you my current opinion about BTC and the crypto market.
First of all, since this is a trading platform, i will give you the necessary indicators about the price of BTC by using TA.
Bearish indicators:
In weekly candles, we see a very big ressistance at the top of the red ichimoku cloud around 42500 price level, if the candle closes below this line, we maybe see the bottom of the cloud at around 26000.
The outlook of this weeks candle will be probably a red hammer, by rule that is a very bearish sign.
RSI also bearish as hell, the macd is not significant.
There is one thing which is interesting is the upcoming golden cross . That is a massive bullish sign.
Ok now i did the compulsory round, so i can write a bit apart from this things.
The general idea is that if we only consider the trend, it is a competition between traders, and of course we all doing the same analysis and see the same patterns. The price is not increased by the traders, it is by the regular people.
There will be 3 major event in the Q1 next year. The US BTC ETF permission, the XRP trial and the halvening will happen also. BTC itself is just a symbol of this technology, but in terms of technology and efficiency, it is utterly useless at this level. So basically BTC killed himself by increasing in price, and decreasing in terms of block rewards.
So at the end of the day, i think that we can see some consolidation, maybe no signifant movements until january, but then i expect a huge increase, maybe we check the 100 000$ price also :)
P.s. In the third word countries, the internet is just starting to develop, and people there are exploring the opportunities, that will put a massive pressure on the crypto industry i think so, because holding a cryptocurrency will be a hedge for them.
Share your ideas, and like if you agree!
Have a nice day and thanks for reading it.
I would like to share you my current opinion about BTC and the crypto market.
First of all, since this is a trading platform, i will give you the necessary indicators about the price of BTC by using TA.
Bearish indicators:
In weekly candles, we see a very big ressistance at the top of the red ichimoku cloud around 42500 price level, if the candle closes below this line, we maybe see the bottom of the cloud at around 26000.
The outlook of this weeks candle will be probably a red hammer, by rule that is a very bearish sign.
RSI also bearish as hell, the macd is not significant.
There is one thing which is interesting is the upcoming golden cross . That is a massive bullish sign.
Ok now i did the compulsory round, so i can write a bit apart from this things.
The general idea is that if we only consider the trend, it is a competition between traders, and of course we all doing the same analysis and see the same patterns. The price is not increased by the traders, it is by the regular people.
There will be 3 major event in the Q1 next year. The US BTC ETF permission, the XRP trial and the halvening will happen also. BTC itself is just a symbol of this technology, but in terms of technology and efficiency, it is utterly useless at this level. So basically BTC killed himself by increasing in price, and decreasing in terms of block rewards.
So at the end of the day, i think that we can see some consolidation, maybe no signifant movements until january, but then i expect a huge increase, maybe we check the 100 000$ price also :)
P.s. In the third word countries, the internet is just starting to develop, and people there are exploring the opportunities, that will put a massive pressure on the crypto industry i think so, because holding a cryptocurrency will be a hedge for them.
Share your ideas, and like if you agree!
Have a nice day and thanks for reading it.
Trade active:
Just a quick check on the 4h candlesics. It is bullish, having a flag pattern. RSI also bullsih because ist is below the 20%.
Maybe the santa run will happen?
Just a quick check on the 4h candlesics. It is bullish, having a flag pattern. RSI also bullsih because ist is below the 20%.
Maybe the santa run will happen?
Comment:
Any questions ? :)
