I am going to use this trading zone until the mid-year .
I think the 200 day will meet with the 200 weekly in July BUT may start to rise slightly before in May.
I have obviously extended 200 days and 200 weeks.
there's no real reason why #bitcoin would push through before then,
we may even drop to below 7200 before.
RSI line is the test, small upturn
My friend Moggs has asked me to have a quick look at past and possible cycles for Bitcoin, My name is Martin but this is not my account.
I work as an analyst for an economic company in London. I am Austrian but have lived in the UK for 8 years.
It has been remarkable looking at Bitcoin, to say the least.
Having a quick look the cycles can not be graphed as a ...
march MIGHT be the month #bitcoin reaches the 200 Week, it is important it respects and stays above,
until then you will see bulls and bears fighting.
I believe we will stay in this channel
there will be up and down trading
believe me when i say the past BEFORE futures was a lot easier to read
it's just my opinion that the bottom is not yet in
i have been...
I rarely share my thoughts on BTC ,
but I receive more and more questions about my forecast on it.
On a daily the price is locked between two levels of structure:
within a 1000$ price range 8700 - 9700.
I believe that the market will be coiling for some period of time within this range
and only the breakout will decide...
we need to hold this long term trendline,
again the NVT at the bottom, bull runs only start on green, as i have said this last run was not a long term run.
rsi and stoc all near oversold.
did anyone notcie Bitcoin price dropped and USDT dropped, thats a sigh of pulling out of the market.
imo allot of it is miners cashing out.
the volume is...
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...
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 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