I am going to list the Reasons for bot being Bullish and Bearish:
BULLISH:
I believe BTC is in a consolidation period and may actually be accumulated by big players. Its hard to be a Bull in a room full of Bears however that is how money is made. At this point EVERYONE is bearish BUT there are some factors that I believe make BTC I very good buy at this time.
1. The RSI on the three day chart appears to be looking somewhat healthy.
2. There is a possible bullish wedge that is starting to flatten out which might be suggesting there are no more sellers at these levels. 3. Binance and other crypto currency trading platforms just went on an employment spree along with updating their infrastructure to support a massive influx of new buyers.
4. Goldman Sachs bought Poloniex....
5. Selling Pressure Easing as indicated by Volume
6. Legacy Markets are in free fall at this time and are expected to continue their drop with a water fall sell off at the end of this month.
7. Fiat Currencies all over the world are threatened by the Petro Yuan which will cause a high level of instability and uncertainty in these markets.
8. Possible Higher Low Established
9. ALL product releases are RIGHT around the corner.
Bearish:
1. Death Cross
2. Obvious Bear Trend
3. Lack of Follow Through on the Bounces
Prognosis:
I have a hard time believing that the air is going to be let out in regards to prices as well as interest in the sector with product launches and financial industry giants positioning themselves in the right places during this collapse. I also find it hard to believe that the second the Futures market were launched the Japo from Mt. Gox Trustee dumped on the open market during key resistance levels over and over again while Kraken was offering to distribute the Bitcoin off of the market so as not to destroy the books which subsequently lead to the Collapse of Bitcoin(He declined and smashed to books anyway thus raping the Mt. Gox victims YET AGAIN #METOO)... All the while Governments all around the would spreading a lot of fear... From the Koreans, to the Chinese to India and Russia.... EVERYONE has kicked at Bitcoin while its been down. Anyone that does not think there is something much more sinister going on is ignoring facts and is not documenting the events that have been unfolding over the last couple of months. This is the moment of truth... I for one am calling Bullshit on this one... A pair of balls beats a pair of aces any day.
Good Luck and God Speed Gents,
Mr. Manbearpig
BULLISH:
I believe BTC is in a consolidation period and may actually be accumulated by big players. Its hard to be a Bull in a room full of Bears however that is how money is made. At this point EVERYONE is bearish BUT there are some factors that I believe make BTC I very good buy at this time.
1. The RSI on the three day chart appears to be looking somewhat healthy.
2. There is a possible bullish wedge that is starting to flatten out which might be suggesting there are no more sellers at these levels. 3. Binance and other crypto currency trading platforms just went on an employment spree along with updating their infrastructure to support a massive influx of new buyers.
4. Goldman Sachs bought Poloniex....
5. Selling Pressure Easing as indicated by Volume
6. Legacy Markets are in free fall at this time and are expected to continue their drop with a water fall sell off at the end of this month.
7. Fiat Currencies all over the world are threatened by the Petro Yuan which will cause a high level of instability and uncertainty in these markets.
8. Possible Higher Low Established
9. ALL product releases are RIGHT around the corner.
Bearish:
1. Death Cross
2. Obvious Bear Trend
3. Lack of Follow Through on the Bounces
Prognosis:
I have a hard time believing that the air is going to be let out in regards to prices as well as interest in the sector with product launches and financial industry giants positioning themselves in the right places during this collapse. I also find it hard to believe that the second the Futures market were launched the Japo from Mt. Gox Trustee dumped on the open market during key resistance levels over and over again while Kraken was offering to distribute the Bitcoin off of the market so as not to destroy the books which subsequently lead to the Collapse of Bitcoin(He declined and smashed to books anyway thus raping the Mt. Gox victims YET AGAIN #METOO)... All the while Governments all around the would spreading a lot of fear... From the Koreans, to the Chinese to India and Russia.... EVERYONE has kicked at Bitcoin while its been down. Anyone that does not think there is something much more sinister going on is ignoring facts and is not documenting the events that have been unfolding over the last couple of months. This is the moment of truth... I for one am calling Bullshit on this one... A pair of balls beats a pair of aces any day.
Good Luck and God Speed Gents,
Mr. Manbearpig
Comment:
Blast Off... Sometimes you just have to know when to call a spade a spade. Strong work team Bull.
Comment:
Soros and Rockefeller enter market