do you need any more info than this chart?
pomp- tone vays- all refuse to see that bitcoin grew because futures are invloved and used that it was world interest.
the intrest was big money men buying and buying and selling then shorting on launch of futures,
bitcoin made them very rich while the hodlers search twitter and youtube for fomo....
just a tip. draw trendline on wick heads and wick bottoms and then in another colour draw trendlines on candle tops and bottoms, if a candle body drives through the gap between full candle trend towards the wick trendlines its a good sign on larger movement
this is if 7850 breaks
over sold in RSI and STOC.
THIS IS GOOD YES, but it does not mean people stop selling, we could stay under for a while, the more they sell the longer is bounces around in these areas.
this is my opinon on the next few months.
the monthly charts look , the rsi and stoc are still above the over sold and heading down so imo we might not see...
short term, could see some moves in the next few days,,
long term bitcoin is over sold. RSI is over sold, it might stay down there for a while but the only way is up baby!!!
being over sold can still send it down, because it does not mean people will stop selling, but when it goes bang all the over sellers are going to jump back in hard
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
ive gone long short term.
Bitcoin looks over sold on the daily on rsi - stoc and seems to be respecting the trend line on NVT
a push up to 10200 COULD happen short term,
how ever, the long term on weekly they charts still look bearish.
this next week could see a move up with some side ways movement and a move up
short term, long
long term bearish.
OK so everything has floored, rsi, stoc, but NVT is toucning the trend line.
IMO, if i was a betting man i think october 4th to 7th could see some moves,
how ever!! if the NVT goes below the RED trend line its not good! REMEBER FOLKS, big massive btc moves come when the NVT goes green at the bottom, have a look
people need to realise futures have a big say in...
long if you are a true believer that cme fututes gaps need filling,
if we are going off CME gaps, there are two unfilled
if its true that bitcoin needs to fill gaps , which so far is true regardless of bitcoin maximalists refusing to say futures has a big say in Bitcoin price,
Pomp, Vays will never even consider it!!
Pomp uses people pension funds
200 ma holding
NVT seems to be leveling with the nvt trend line
rsi is in oversold
i think we will stay in the large triangle
i think we should all concentrate on april/may 2020
with moves now in the 5/10 percent up and down inside the triangle until then
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?
if we break downwards we are low on RSI and not in overbought
imo i think we need to test over sold for a few weeks to bring back strong bulls.
Twitter and youtubers those who have over hyped BAKKT must be scratching their heads?, its just another futures platform, yes settled in BTC but that BTC needs to be sold.
i suppose we will soon see if the bakkt...
when news hit that futures was coming in march 17, as ever the price mooned untill the date they where stated at 20 k then tanked down , shorted for a long time. these men know what they are doing, they laughed when romours of chinese new year and most of the shit you see on youtube btc videos
the money men know what they are doing. they do it to most things...