Hello everyone
So after 4 green days, can we be bullish again, or not? Let's get straight into the technical analysis.
You can see that we've had 3 waves already. I think that a fourth one will be created if :
- the volume stays low
- no etf's are going to be launched
- no big institutions come in.
We can see that the waves are getting smaller and smaller, this tells us a lot!
- The volume is getting lower and lower. So no big buy-moments and no big sell offs. (which is a good thing)
- the result is that volatility is getting lower.
Why? I'm thinking that BTC-whales are now manipulating this market, so it becomes more stable. If BTC becomes more stable that can have huge advantages.
- more people are going to invest (new money in the market)
- institutions will invest (new money aswell)
- huge demand of ETF's if BTC becomes popular again.
We are now at a moment were BTC is not a hype anymore, you can see that clear on the liquidity. Only the real BTC-believers remain now. That’s a good thing! This market is getting more and more mature, the technology is slowly but surely getting accepted and adopted. This is a huge moment to invest if you ask me. It's a matter of time when the world is using Blockchain everyday (no financial advice). The only question is which cryptocoins will continue to excist... that's a risk I will take…( with left-over money :p)
- I have still my buy-order on 7.2K, if I see BTC becomes more stable and there is a huge support-line on 7.5K, I will invest again at 7.5K. I’m not investing at this moment because I expect a very small correction tomorrow or the day after.
again this is no financial advice
Comments are really appreciated as always!
So after 4 green days, can we be bullish again, or not? Let's get straight into the technical analysis.
You can see that we've had 3 waves already. I think that a fourth one will be created if :
- the volume stays low
- no etf's are going to be launched
- no big institutions come in.
We can see that the waves are getting smaller and smaller, this tells us a lot!
- The volume is getting lower and lower. So no big buy-moments and no big sell offs. (which is a good thing)
- the result is that volatility is getting lower.
Why? I'm thinking that BTC-whales are now manipulating this market, so it becomes more stable. If BTC becomes more stable that can have huge advantages.
- more people are going to invest (new money in the market)
- institutions will invest (new money aswell)
- huge demand of ETF's if BTC becomes popular again.
We are now at a moment were BTC is not a hype anymore, you can see that clear on the liquidity. Only the real BTC-believers remain now. That’s a good thing! This market is getting more and more mature, the technology is slowly but surely getting accepted and adopted. This is a huge moment to invest if you ask me. It's a matter of time when the world is using Blockchain everyday (no financial advice). The only question is which cryptocoins will continue to excist... that's a risk I will take…( with left-over money :p)
- I have still my buy-order on 7.2K, if I see BTC becomes more stable and there is a huge support-line on 7.5K, I will invest again at 7.5K. I’m not investing at this moment because I expect a very small correction tomorrow or the day after.
again this is no financial advice
Comments are really appreciated as always!