Hello, dear readers!
In recent days, the market shows a fairly good dinamic. It is unlikely this dynamic will stop abruptly right now. Most probably, there will be at least one more upward movement. Why? We will tell you now!
So, on the daily chart, everyone can see the uH&M which usually unfolds the trend. How many don't explain somebody that the market doesn't unfold through the letter "V", no one believes. Everyone sees the inverted H&M and mark the goals of working off at 5k+.
Yes, such a movement can be, but even if it happens, it will only make the market worse in the long run. In one of our past ideas, we wrote a global vision of the market and where and when we are waiting for a reversal. This reversal must necessarily be through the accumulation! If there is no consolidation in the range of 3000-4000 for at least 3-4 months, we will hardly be able see the first coin at least for 8000$ in the 2019-2020-s.
If we now jump higher than 5k, it will be nothing more than a "dead cat rebound" and after that only massive investments of funds will be able to stop a crazy dump, the goal of which can easily be a mark of 1000-1500 dollars for one coin.
It was a small digression, now we will tell how we see the local picture. Everything is good for Long: a global uH&M, a bull flag has formed on 4H and even, it seems, the volumes support all this movement, but this moment is controversial.
It is possible there will be another pump, because the history and the behavior of its players speak about it. Just look at December 17-18, 2018, and everything will immediately become clear. The price moved in a descending channel, then broke through it, tested the channel several times and went higher. Then she was in the flat one day, drew a bull flag and made pump. Exactly the same situation occurs now.
In addition, it can be seen how the longs were smoothly gathered and now they all have not drastically decreased, which tells us that going up again may happen and there those who didn't have time to break through the “neck level” would harnessed there, then everyone will be trimmed and the price will come again to 3600-3400.
Write comments and share your thoughts about market, we will be grateful!
In recent days, the market shows a fairly good dinamic. It is unlikely this dynamic will stop abruptly right now. Most probably, there will be at least one more upward movement. Why? We will tell you now!
So, on the daily chart, everyone can see the uH&M which usually unfolds the trend. How many don't explain somebody that the market doesn't unfold through the letter "V", no one believes. Everyone sees the inverted H&M and mark the goals of working off at 5k+.
Yes, such a movement can be, but even if it happens, it will only make the market worse in the long run. In one of our past ideas, we wrote a global vision of the market and where and when we are waiting for a reversal. This reversal must necessarily be through the accumulation! If there is no consolidation in the range of 3000-4000 for at least 3-4 months, we will hardly be able see the first coin at least for 8000$ in the 2019-2020-s.
If we now jump higher than 5k, it will be nothing more than a "dead cat rebound" and after that only massive investments of funds will be able to stop a crazy dump, the goal of which can easily be a mark of 1000-1500 dollars for one coin.
It was a small digression, now we will tell how we see the local picture. Everything is good for Long: a global uH&M, a bull flag has formed on 4H and even, it seems, the volumes support all this movement, but this moment is controversial.
It is possible there will be another pump, because the history and the behavior of its players speak about it. Just look at December 17-18, 2018, and everything will immediately become clear. The price moved in a descending channel, then broke through it, tested the channel several times and went higher. Then she was in the flat one day, drew a bull flag and made pump. Exactly the same situation occurs now.
In addition, it can be seen how the longs were smoothly gathered and now they all have not drastically decreased, which tells us that going up again may happen and there those who didn't have time to break through the “neck level” would harnessed there, then everyone will be trimmed and the price will come again to 3600-3400.
Write comments and share your thoughts about market, we will be grateful!
