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chartingman43
Aug 25, 2020 5:11 PM

New Lows before New Highs Short

Bitcoin / U.S. dollarBitstamp

Description

Fundamentals :
Bearish:
Minining Difficulty have pumped again to highs , up a further 9%. Miner capituatlion possible short term. Transaction costs also near June 2019 Peak and crash followde
NVT signal glowing red
strengthening dollar
Dollar sttrengthening


Bullish:
Sports Bar CEO gave bitcoin big exposure
Hedge funds have allocated bitcoin to there portfolio for once ( but only small )

Bitcoin future is bright but short term we can see a deep correction as gold continues to dump, btc will follow

It is a possibility to see 1.8-2.5k if gold breaks march lows
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