COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Well, let’s start with the bullish sigh on the Chart! You can see the crossover between 50 MA and 100 MA. It indicates that we will see the new Global High! Of course the movement from $10.930 down to $10.300 where we are now, looks scary. Let’s take a look closely to this situation.

Pay attention to the period that I marked blue, in this area we can see clearly there is a good volativity
and the recent movement from up to down doesn’t look so scary now. You can see the same in the previous period too.

Some more factors:

Capitalization of BTC Morning: $182.225.214.369
Capitalization of BTC Evening: $184.796.467.494 (by coinmarketcap)

By this fact we can’t make any conclusions, but it tells us that volumes are inside the market, more than that ones are coming inside the market. Is that bad?
Also RSI is moving in the middle of the range and is not out of critical borders.

Conclusion: based on this information I think situation is pretty stable, we might continue Shorting in Short Term, and will grow in Mid and Long Term.


Please give your feedback and share your ideas! Also hit the like button, in case you like this idea and subscribe to the Channel in order not to miss new ideas and signals.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.

Ray Dalio “In order to be an effective Investor, one has to bet against the consensus and be right.”

Comments

I agree with you from Vietnam.
+1 Reply
MysteryFox caovannguyen1305
@caovannguyen1305, Tnank You for comment!
Reply
MysteryFox caovannguyen1305
@caovannguyen1305, I think BTC is a great asset in Long term !
+1 Reply
@MysteryFox, So do I.
In my point of view, BTC and Crypto have all advantages of other assets.
+1 Reply
MysteryFox caovannguyen1305
@caovannguyen1305, Absolutely agree!
+1 Reply
MysteryFox caovannguyen1305
@caovannguyen1305, Now it's just the young market, but it will grow!
+1 Reply
Agree that it doesn't matter what happens now. I have same thoughts about btc. We will see it higher next month
+1 Reply
MysteryFox CryptoBullet
@CryptoBullet, I can not disagree with you!
Reply
great work
what do you think about this?
+1 Reply
MysteryFox CryptoBullet
@CryptoBullet, I think this is a good Chart
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out