BITCOIN (BTC) - 2 Options - CATASTROPHE OR STABILITY
It does not look good, as of the time we are posting this... Crypto Market together with news agencies are in intense cleaning cycle, getting rid of weak hands, noob investors and to summarize all this in few words... Crypto Market is cashing out and profiting from panic sellers
INDICATORS
MACD is neutral meaning but leaning more towards bearish
RSI doesn't matter at this point
Short Term indicators are bearish (short term meaning 1-6 days)
Medium Term Indicators are bullish (medium term meaning 7-20 days)
Long Term Indicators are extremely bullish (long term meaning 21 - 31 days)
Here's what you need to know...
If Bitcoin decides to break out first resistance in the next few hours - days (maximum) of $10,500 - $10,750 then we will retest previous lowest point, if that point then breaks, we will find our selves with 1 BTC at $6,000 - $8,000 - YES, I KNOW, HORRIFYING....
On the other side here... if we break our first resistance in next few days, we get more time and move to out final main resistance which is in between $12,250 - $12,800 (depending on which exchange you're looking at). If that resistance gets broken, then $20,000 if our next target or near it. This is the most optimistic plan that we have and at current stage we need to have a break very very soon.
LONGER IT TAKES TO BREAK RESISTANCE = CHANCES OF DROP GO UP
Quickly going back to our indicators, if all s*** goes does, it should be a very quick recovery, meaning that we should be well over $14,500 by Mid - End February
Make sure you're following us to receive updates
INDICATORS
MACD is neutral meaning but leaning more towards bearish
RSI doesn't matter at this point
Short Term indicators are bearish (short term meaning 1-6 days)
Medium Term Indicators are bullish (medium term meaning 7-20 days)
Long Term Indicators are extremely bullish (long term meaning 21 - 31 days)
Here's what you need to know...
If Bitcoin decides to break out first resistance in the next few hours - days (maximum) of $10,500 - $10,750 then we will retest previous lowest point, if that point then breaks, we will find our selves with 1 BTC at $6,000 - $8,000 - YES, I KNOW, HORRIFYING....
On the other side here... if we break our first resistance in next few days, we get more time and move to out final main resistance which is in between $12,250 - $12,800 (depending on which exchange you're looking at). If that resistance gets broken, then $20,000 if our next target or near it. This is the most optimistic plan that we have and at current stage we need to have a break very very soon.
LONGER IT TAKES TO BREAK RESISTANCE = CHANCES OF DROP GO UP
Quickly going back to our indicators, if all s*** goes does, it should be a very quick recovery, meaning that we should be well over $14,500 by Mid - End February
Make sure you're following us to receive updates
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This is a correction fueled by 'fake' news. Only the strong will remain standing by the end of this massive drop.
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Bitcoin Update - Thoughts
Bitcoin has fallen below $9,000 and is currently hovering over $8,500 (in short term a further fall is very likely)
If we look at year 2017 we will see that market correction began on January 5 with first low on January 6 and a secondary low on January 12
Today we are observing almost identical market behavior but on a grander scale. Of course market cap back then was hovering around $15-$20 Billion, so it makes perfect sense why this correction is taking this much longer.
And let’s also not forget that Banks are doing everything in their power to influence Bitcoin’s growth by showing that any investor ‘stupid enough’ to invest in cryptocurrency will surely loose their investment. They do that by influencing governments to comeout with regulations, manipulating media, which in turn brain washes new investors and results in mass sells and withdrawals of Bitcoin and other cryptocurrency.
With that said we truly believe that Bitcoin is impossible to stop from growing. They can influence the speed at which it will continue growing, but not the actual growth. As more e-commerce companies begin accepting cryptocurrency in 2018 we will see exponential growth to well over $1.5 Trillion in market capture.
With great confidence we can say this… Bitcoin will be worth in betweet $45,000 - $67,000 by year’s end and only the strong hands will remain in the gain, everyone else will be simply filtered out.
Bitcoin has fallen below $9,000 and is currently hovering over $8,500 (in short term a further fall is very likely)
If we look at year 2017 we will see that market correction began on January 5 with first low on January 6 and a secondary low on January 12
Today we are observing almost identical market behavior but on a grander scale. Of course market cap back then was hovering around $15-$20 Billion, so it makes perfect sense why this correction is taking this much longer.
And let’s also not forget that Banks are doing everything in their power to influence Bitcoin’s growth by showing that any investor ‘stupid enough’ to invest in cryptocurrency will surely loose their investment. They do that by influencing governments to comeout with regulations, manipulating media, which in turn brain washes new investors and results in mass sells and withdrawals of Bitcoin and other cryptocurrency.
With that said we truly believe that Bitcoin is impossible to stop from growing. They can influence the speed at which it will continue growing, but not the actual growth. As more e-commerce companies begin accepting cryptocurrency in 2018 we will see exponential growth to well over $1.5 Trillion in market capture.
With great confidence we can say this… Bitcoin will be worth in betweet $45,000 - $67,000 by year’s end and only the strong hands will remain in the gain, everyone else will be simply filtered out.
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