After MtGox crash ended another wave of BTC rising. With the advent of tether (USDT), bitfinex became the new flagship of the crypto market. Bitfinex became like the FED in crypto. They printed exactly as many USDTs as they wanted not provided with absolutely nothing. Thanks to complete lack of control tether has become the main engine of price movement to 20k in...
Main idea:
Remove simple people from trading
Destroy competitors in mining
To get as much real bitcoin as possible
Legal Regulation
Sorry but Wall Street do not share power!
We have rather interesting support line. As you can see we are just on it atm. The time of truth is very close.
It won't be good if BTC will move below this line. Be smart guys!
"To the moon, to the sky, to the highest ever price!" - this is what you will see and hear everywhere after BTC will reach 13k+ in April. But be smart. Bitcoin is in a phase of tremendous volatility and that means the short-term nature of any strong movement.
ALTs sell off will come soon. BTC is ready to break out channel throught support line. It is great thing cause it will lead to huge panic! Have fun bitcoin maximalists^)^
Channel 1 - uptrend.
Channel 2 - local downtrend.
BTC had awsome formation of Adam and Eve pattern. Perfect movement.
BTC has strong bullish movement espessially after it freed from local downtrend channel 1 hour ago.
So what is next? Probably 18k in next 30 days. Be ready that btc won't get 20k at once because good rollback should be before BTC will get new...
IOTA shows its weakness at IOTA/BTC chart.
We can see:
Bad cross of EMA indicator
Failed growth on 19th of May
Bear divergence at day RSI chart
ATH of LONGS at IOTBTCLONGS chart Bitfinex (!)
IOTA/BTC is going to at least double bottom, which means we will see 0.000040 soon or even lower!
Stop loss at 0.000039.
BTG chart is totally connected with BTC one. There should be bottom on June 20-25 and there will be great chance to buy btg at about 0.004. A lot of good news will be soon from BTG dev team. BTC will bounce and BTG will finally start it's movement.
First target 0.01 zone. Second at about 0.02.
1 year ago on 1st of September btc reached ATH - 5 000 usd/btc.
This year btc will reach it's year bottom by 1st of September - 5 000 usd/btc.
After that btc will reach about 8k usd/btc in 2 weeks. And because of ETF delayed rumour price will slowly go down to 7 200 zone by 23th if September.
To understand main movement all you need is to find 2-3 basic lines.
1st 11.12.2017 was important date. Do you remember why btc go down to 5400 at that day?:)
2nd Many of you forgot about downtrend line from 20k but it is still exist. It was resist line and it will play as support soon.
3d BTC market cap will go to 100b at about 5800. It is psychological sign,...
