You know i chart pretty basic and dont like btc maximilists , but just for giggles and laughs, if this chart comes true...
January seems to be a major month between bull and bear
but to be clear, its prety accurate if trend and history carry on
ANYWAY BACK TO BEAR WATCHING!! HAVE A GOOD WEEK
RSI on daily is bottoming . on the weekly its at 46.6
nvt seems to be leveling and crossing over
We are not looking to bad, this could lead to sideways for a while, just because it bottoms it does not mean it will moon, it can stay over sold for a while and bring sideways small movements, or it could moon!!
as i said on the last i believed we would go below...
RSI at the bottom, does not mean it jumps out asap. it can go sideways, on this chart 6300 could be the bottom!!
looking back a the last RSI bottom, this could play out.
rsi has only a hand ful of times on daily in BTC history been this low
I think we will drop very quickly
catch the nvt uptrend line and go sideways untill 2020.
look at history,
tether manipulation brought this last run to 13k.
the stage is set for bitcoin to drop and repeat !!
buyers are burnt out, sellers are ready to start again at the bottom
and Bakkt will want btc cheaper, why the low volume in bakkt?
charts look awful- im not doing anything until theres a clear move
but short term im bearish...
nvt still moving downwards ( in all thats good because it can only go back up again in time,
Stoc - do i need to explain?
wake me up in july next year -
in other news- xrp shillers are lunatics
in other news RSR is intresting project but becoming the next XRP in...
twitter maximilists saying dont worry, the institute's are accumulating
and the other one is " bakkt is priced in!!" what absolute bollocks
they are not!!!
your seeing trading and bots!!
they will acumilate ( if they are intrested, which looks like they are not) it will be at a far lower price
Bakkt is just another futures platform, not a hub...
we wont get another bull run untill we see a green low on NVT,
see the bottom NVT graph- green means bull, history helps
VERY LONG SLOW MARKET AHEAD.
CME futures tamed BTC- learn to trade 5 or 6 percent moves
keep an eye on price if it rebounds off the pink line and through the wedge upwards if we do then 11500 could happen
if it breaks down through the pink line to the bottom of the wedge at 9500k
if we keep going down through the bottom of the wedge then we could see sub 9k
4hr RSI and STOC at well above over bought-
This wedge triangle could show how the...
Im not sugesting this will happen but theres a chance it could
descending triangles dont lie,
while your watching over the next weeks we need to break through the descending line hard and high and set a good support, if not you need to keep an eye on it
still futures gap at 8500
we need to follow the blue channel,
if not we are in a bit of poo poo. showing that it bounced on the support of 9400 or there about might sugest we could follow blue, rsi not giving anything away but its not over sold, not under sold, i would wait for confermation
Bitcoin (BTCUSD) retraced strong... We caught the last peak, now we are seeing that a new low has been set...
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possible cup and handle OR bull trap.
great local run, possible cup and handle on the 4hr BUT RSI topping out on 4 hr also
1 hr rsi really has nothing to say, daily rsi also.
im waiting to see out come, bitcoin is a long project why rush !!
imo #bitcoin correction is nearly done.
when maximalists on twitter have said many times " you wont get btc for under 10 k again " for the last few months i put in a short , what ever Ran says do the opposite