Nobody wanna see this bearish idea at this time. I guess.
I also really welcome the bull market, cause I holds some ALTs.
But, I do think the market recover from the bear to bull is not like this.
- the gap is needed to be filled for the next run.
- these flat corrections would probably makes a big correction(MM's profit gain) later.
- news makers throwing out huge good signals.
: tether issues & regulations from over the world are not solved yet.
There hasn't been 6th serial green candle in BTC history.
Next month BTC may occurs its correction on this rally.
As you see, BTC is making flat corrections, for that reason I don't know the correction scale though.
When BTC break out $12K and stand still at there, I think BTC is back to bullish market.
Take your own risk & get some money.
Good day
I also really welcome the bull market, cause I holds some ALTs.
But, I do think the market recover from the bear to bull is not like this.
- the gap is needed to be filled for the next run.
- these flat corrections would probably makes a big correction(MM's profit gain) later.
- news makers throwing out huge good signals.
: tether issues & regulations from over the world are not solved yet.
There hasn't been 6th serial green candle in BTC history.
Next month BTC may occurs its correction on this rally.
As you see, BTC is making flat corrections, for that reason I don't know the correction scale though.
When BTC break out $12K and stand still at there, I think BTC is back to bullish market.
Take your own risk & get some money.
Good day
Comment:
Comment:
What the...!
$11,860 has been broken.
In case of another bull run, 13520 is very reliable point.
Anyway I'm still a timid bear. :(((
GL
$11,860 has been broken.
In case of another bull run, 13520 is very reliable point.
Anyway I'm still a timid bear. :(((
GL
The chart strongly shows that the market is heading for the bull territory now.
Bullish idea
- Fib channel has been breakout the top(Red)
- ~'15 market has 0.886 retracement
- '17~19 market has 0.886 retracement
- BTC looks like it has been touched its long term channel bottom
- NVT is red but it showed a obvious bullish divergence from ATH to the bottom
- RSI is reaching to its bullish territory(RSI has touched its all time low)
- Stoch RSI looks like MM had been gathering enough coins for a year
- news makers publishing a good news everyday including that of Facebook's
- tether issue looks like that there's no meaning to everyone anymore eventhough it has not been solved yet(some news tells that 30% of tether has been traded w/o real tether ; I think if it is true, it will be a huge problem to Bitfinex & the whole crypto trade market)
Bearish idea
The candle of Aug, 2015 has a meaning to the further way for BTC, I guess
So, I draw another Fib channel using it and the channel guided me to 1,175. It's just fit to 1.236 from 11,860(bounce up 0.618 from the ATH & the bottom).
BTC is running very bullish road now and it is building a corrective wave B(upto 12K).
for that reason I'm waiting for the wave C (down to 1.2K)
1.2K~3.2K is underfiled area only with green candles.
MM may need to retest the area or bottom of the area for the next bull run.
Even though BTC would reach to 1K, I still think that crypto market is strong enogh for the next decade.
The industry has just begun and the technical adaption to the daily life is waiting. It just take some more time.
Anyway, I do not trade the future, but I just hold some ALTs (buy, sell, buy, sell, ....)
So I don't have a critical damage from the BTC's up & downs.
I'm strongly want the road to the Moon.
I'm just take my own risk to save my money & number of coins.
Keep calm & take your own risk.
Good day.