Bitcoin has been teetering around a huge breakout this week and on news from the bank of england they are considering negative interest rates, bitcoin may soon moon! watch todays video for more information on this chart!
As bitcoins price tries to recover from to drop a couple days ago will it break down from here or have another crack at $10,000?
We are going to see quite some volatility on the weekly close this week! make sure you set your stops!
ETH looks Bearish, It had a good run but with bitcoin not looking too happy at the moment it seems unlikely it will break out of its current trading range. Watch todays video for more context on this chart!
To me this looks like the inevitable dump, bitcoin however is known for bucking the trend so its far from guaranteed, just everything in the world at the moment seems to be telling me to go short and yet bitcoin is still not dumping!?!?!?
Watch todays youtube video for more information on this chart!
the theory of this bull pennant is clear. the RSI is overbought, the MACD is looking a little hot, bitcoin will cool off for a couple hours before deciding which way to break.
Recently bitcoin has been bucking the trend and dumping through bullish formations so we shall see how it goes.
bitcoin bounced off its long term support, there are 2 options, we could be sat in the accumulation zone of 6400 for a while or be continue the trend and slow decline to below $5000
now what is even more interesting is BTC below $500 would open the doors to a huge cup and handle so keep your eyes peeled, this is the best case scenario!