ROSE... JACK JUST DIED FREEZED, BUT AT LEAST YOU SURVIVED (BTC)
So very well folks, not publishing because I was observant and not very sure about some movements, never the less I have some reasons to believe we are in the end of this tragic history that drag the TITAN 70% down. Let me explain... If you see BTC day chart, there are 3 mayor resistances forming since february of 2017 (that time when Bitcoin reached de 2000 milestone), RSI is over sold as hell, in a 4 hours, 2 hours, 1 hour chart. So in this little time frame I illustrate 2 possilbe descending triangles, one in the short term (around next hour or two) and the other a little bit longer (wait 6 hours), as I see it, both of them are close to the resistance of pre 2000USD/BTC era (wish according to me is between the 6100 and 5700 area)
So my suggestion, is to take a long position around this area. If it drops below 5500 please sell and wait the ultimate resistance (pre 1000 era, like december of 2016, wich is arround 3600 and 4000).
Im fundamental also, so please take into consideration de DOW JONES drop (all 2018 gains went to the floor in one day, at least we loose everything in one month, not that bad for a new market), if this extends, we could see some big names start to consider crypto as a profitable investment, and not so scary as loosing all your profits in one day.
Also, the USA congress have meetings with SEC boys, so possible regulation for sure, but definitively no ban, and as USA goverment is trying to the opposite as China (think Trump as a little child, that just goes against everything), we could expect a blink on crypto from US government and the needed news to create a new impulse that finishes this sad sad story.
Also Chinesse new year coming, they are selling some BTC to buy some gifts, it ends 15th february!
But come on, if Rose survived to tell the Titanic story, we could do as well with BTC.
Excersise caution. Peace!
So my suggestion, is to take a long position around this area. If it drops below 5500 please sell and wait the ultimate resistance (pre 1000 era, like december of 2016, wich is arround 3600 and 4000).
Im fundamental also, so please take into consideration de DOW JONES drop (all 2018 gains went to the floor in one day, at least we loose everything in one month, not that bad for a new market), if this extends, we could see some big names start to consider crypto as a profitable investment, and not so scary as loosing all your profits in one day.
Also, the USA congress have meetings with SEC boys, so possible regulation for sure, but definitively no ban, and as USA goverment is trying to the opposite as China (think Trump as a little child, that just goes against everything), we could expect a blink on crypto from US government and the needed news to create a new impulse that finishes this sad sad story.
Also Chinesse new year coming, they are selling some BTC to buy some gifts, it ends 15th february!
But come on, if Rose survived to tell the Titanic story, we could do as well with BTC.
Excersise caution. Peace!