In this basic and really simple kind of analysis, the downtrend and the uptrend line of BTCUSD meet in 9 days (22.7.2018.)
The MCAD lines meet in that same point.
From what we see now, the price stood in beween the 2 line not breaking the trend for over 3 and a half months. Ok, it crossed the line just slightly 2 weeks before, but the uptrend still exists and its a nice uptrend, watching the week chart.
Now that corridor is getting pretty tight.
In my opinion the price should go up. We touched the bottom few times. We shouldn't go lower just because that's the average price of mining 1 BTC in the world. Nobody invest 6300$ to get 1 BTC just to sell for 6000$. It's simple math.... 6000-6300= -300$
That means, people are losing money
If we go lower, than people misunderstood what BTC mining is all about. Coz u dont have to dig the bottom to get BTCs... It's not the kind of mining like we do to dig out minerals and other stuff... :/
Bad joke...
If the price go lower, maybe people found some kind infinite free energy.. this could be even more exiting than watching btc price go up :)
another bad joke...
We'll see what happens.
Hodl tight!!!
The MCAD lines meet in that same point.
From what we see now, the price stood in beween the 2 line not breaking the trend for over 3 and a half months. Ok, it crossed the line just slightly 2 weeks before, but the uptrend still exists and its a nice uptrend, watching the week chart.
Now that corridor is getting pretty tight.
In my opinion the price should go up. We touched the bottom few times. We shouldn't go lower just because that's the average price of mining 1 BTC in the world. Nobody invest 6300$ to get 1 BTC just to sell for 6000$. It's simple math.... 6000-6300= -300$
That means, people are losing money
If we go lower, than people misunderstood what BTC mining is all about. Coz u dont have to dig the bottom to get BTCs... It's not the kind of mining like we do to dig out minerals and other stuff... :/
Bad joke...
If the price go lower, maybe people found some kind infinite free energy.. this could be even more exiting than watching btc price go up :)
another bad joke...
We'll see what happens.
Hodl tight!!!