balocik

BTC - Next drop very possible.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Price going up on declining volume .
We have seen that before.
Do You think it's a buy opportunity like many say?
14th February 2018 - US Congress holding blockchain hearing - ? legislative moves.

14th and 15th February 2018 - CFTC chairman holding two important talks about regulation.

That's all in 7 days' time.

Then we have G20 in March.

I think we will continue to see sideways movement for now. Unless something magical happens, only manipulation will raise the price above 10k. But you never know what South Korea can do.... ;)
+1 Reply
balocik doctorkesh
@doctorkesh, Thanks for sharing info with us.
Reply
doctorkesh balocik
@balocik, you're welcome.

The whole stock market is in in a dangerous position. Below are the charts which I have been working on for a while.


DJI





Apple




Personally I think it is time for a major market crash - and I mean everything. From housing to stocks to cryptocurrency. All the right reasons for the wrong things to happen are in place now.

Yeah well... Dr Nouriel Roubini may be right afterall....
+2 Reply
Agreed, also persistent bearish divergence on 1-6hr charts see below:

+4 Reply
@mytorc, good to see someone who think alike.
Reply
Dieter1983 balocik
@balocik, Cryptomanic shows a uptrend move. I get confused
I have a feeling it would be to easy now to start increasing
What is realistic ? We hit 6500usd in 1 week max ?
Reply
balocik Dieter1983
@Dieter1983, it's not normal when price go up on declining volume. I'm staying out at least today as it is too risky to go Long or Short. People have different opinions on same subject which in this case is BTC price move. Dow Jones going down right now and bearish sentiment is all over the world markets. In my opinion BTC will go down.
Reply
Dieter1983 balocik
@balocik, Please keep on posting. I'm your new follower now.
I follow your opinion. Share many updates please &
do write in easy English, I'm from Belgium my English is rather poor for sure in technical analysis ;o)
Reply
balocik Dieter1983
@Dieter1983, Thank You for kind words. More stuff coming for sure.
Reply
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