Small timetable of what happened in around last 10 months, and why I believe 6,000 $ is the lowest low possible of the BTC USD bearish trend we have seen in the last 9 months.
1) October 2017: Bitcoin bullflag / ascending triangle which brought the currency to devast the 6.000 USD resistance;
2) November 2017: the same previous resistance (point 1) has now begun a support, where the speculation after Segwit failure brought a deep crash on BTC USD and a huge surge of BCH USD / BCH BTC;
3) February 2018: After a -70% correction on BTC USD due to chinese ban, facebook ban, and all bad news around the crypto space, BTC USD hits the lowest amount of 6,000 $, but... What happened in the following 2 weeks is written in the history: +100% in 15 days;
4) April 2018: after another big speculation which brought BTC USD around 6,000 $, something magic happens on the 12th of April: in less than 60 minutes BTC value shot up by more than 1,000 $;
5) Jun / July 2018: it seems Bitcoin war is over and completely lost. No more volume and interest by retail or institutions, therefore this time price tried to burn once for all the very well established 6,000 $ support on BTC USD, indeed making it, but just for a few days. But when it seems Bitcoin is dead, it recovers once again, accomplishing one of the sexiest reversed head - shoulder patter of its history;
6) August 2018: we are still here and testing for the 5th time the 6,000 $ support, after a speculative crash due to many regulated ETF been rejected / delayed by SEC. But for the 5th time in a raw, the BTC USD price recovers and right now is sitting around 7,050 $, and around +20% vs the local lows of 5,900 $.
Always make your investment choices wisely, never bet more than what you can lose. But... Always think about what Bitcoin is, which is the technology below and the possible applications above. And ... MAKE BITCOIN GREAT AGAIN!!!!!!
Donations are always welcome:
BTC: bc1qfxv5ezdjq4gs6gwd7745237zqjc6wnklkly8tt
ETH: 0xCe409269823cba73aD84c19072F934c029D392Ed
Thank you
1) October 2017: Bitcoin bullflag / ascending triangle which brought the currency to devast the 6.000 USD resistance;
2) November 2017: the same previous resistance (point 1) has now begun a support, where the speculation after Segwit failure brought a deep crash on BTC USD and a huge surge of BCH USD / BCH BTC;
3) February 2018: After a -70% correction on BTC USD due to chinese ban, facebook ban, and all bad news around the crypto space, BTC USD hits the lowest amount of 6,000 $, but... What happened in the following 2 weeks is written in the history: +100% in 15 days;
4) April 2018: after another big speculation which brought BTC USD around 6,000 $, something magic happens on the 12th of April: in less than 60 minutes BTC value shot up by more than 1,000 $;
5) Jun / July 2018: it seems Bitcoin war is over and completely lost. No more volume and interest by retail or institutions, therefore this time price tried to burn once for all the very well established 6,000 $ support on BTC USD, indeed making it, but just for a few days. But when it seems Bitcoin is dead, it recovers once again, accomplishing one of the sexiest reversed head - shoulder patter of its history;
6) August 2018: we are still here and testing for the 5th time the 6,000 $ support, after a speculative crash due to many regulated ETF been rejected / delayed by SEC. But for the 5th time in a raw, the BTC USD price recovers and right now is sitting around 7,050 $, and around +20% vs the local lows of 5,900 $.
Always make your investment choices wisely, never bet more than what you can lose. But... Always think about what Bitcoin is, which is the technology below and the possible applications above. And ... MAKE BITCOIN GREAT AGAIN!!!!!!
Donations are always welcome:
BTC: bc1qfxv5ezdjq4gs6gwd7745237zqjc6wnklkly8tt
ETH: 0xCe409269823cba73aD84c19072F934c029D392Ed
Thank you