CryptoManiac101
Long

Bitcoin (BTC) back in Spotlight - Bigger Picture No One Sees

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
If you are an exclusive member of ours, you already had access to this information.

NOW, LET'S TALK BITCOIN!

Why does no one seems to look at a bigger picture?

Here's what you need to know...

Correction is over or almost over. What does that mean? It means that if we break the 'rising triangle' then we should be in a clear for some time. If we don't break it in few days, then expect recovery process to take at least until end of February to complete. Either way, DO NOT INVEST IN BITCOIN             RIGHT NOW. As we tell our members always, 'It's better to miss out on a profit, then lose a lot because you were impatient and couldn't wait until 'ALL CLEAR''.

Now let's talk Indicators!

MACD in short term doesn't look good, but that can always change. RSI is somewhat positive in short term with Momentum looking good. Volume is very positive as it has picked up!

Longer term, MACD is a buy, RSI is a BUY, Momentum is a BUY and we have a few other indicators which all signal to a rise in price. To clarify what is meant by 'long term' in this case, it means within a month, which is why we know that we are either at the end of coming to a sure end of this correction which started in January... over a month of filtering out the weak and here we are $400 BILLION DOLLARS less in market capture, tons of sell orders over prior weeks, panic selling and in all if you sold in loss or because an article from CNBC influenced you which was written by a person to hates computers, then I'm sorry to say that you guys played right into 'their' game.

P.S. For 4 years in a row we have been encountering almost exact corrections and drops in prices at nearly same time and when the 5th major correction comes in, mass panic erupts with people yelling that the whole crypto market is doomed. Haha, I hope the people who actually have been following me for quite some time, didn't do these mistakes!

NOTICE - WE ARE NOT YOUR FINANCIAL ADVISORS. NEVER INVEST WHAT YOU CANNOT AFFORD TO LOSE, BECAUSE THAT'S JUST IGNORANT.

IF YOU DO NOT FOLLOW US, YOU WILL NOT RECEIVE UPDATES ON THIS TRADE.
Comment: Cleaner Version of above chart

Comment: Let me rephrase, since some have pointed it out. The bottom line is not a support line but what we call a 'rising support' line or 'trend line'
Comment: Short term price will drop below $9,000 most like - target is $8,650 if volumes drop tonight
Comment:
Comment: We are very close to trend line, very close. Hodl or get out.

Comment: Positive RSI on Daily chart with MACD being in neutral position
Comment: I will add that long term (1 month) indicators are all positive or neutral meaning that if Bitcoin is left alone to follow its natural course, we will see recovery soon.
Comment: We have over $25 Million buy order coming at $7,400 and over $40 Million at $7,000
Comment: A brief $6,500 area may be touched within 6-24 hours
Comment: Short term price hike is possible as indicated by RSI, however not sure on how long it will last before we begin fall again

Comment:
Comment: From looking at chart, RSI is severely undersold and we should be having a jump off out trend line very soon. Drops are still possible - note that - do not invest too soon

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Don’t get too Excited, just yet
Comment: NEW CHART NOW AVAILABLE

Comment: As expected we are having a slight drop due to Overbought RSI
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Cryptomanic, where do you think it will go to? 5000usd ?
Reply
@Dieter1983, No mid - high 6,000 maybe
Reply
Dieter1983 CryptoManiac101
@CryptoManiac101, I'm from Belgium my english is rather poor.
No mid what does is mean? High 6000usd you will think it will go somewhere end of this month? Just to understand it correctly ( sorry ) :)
Reply
@Dieter1983, I think that by end of this month we will recover well over $14,000 but in short term we might drop to $6,700 - $7,200
Reply
That support line broke
+1 Reply
CryptoManiac101 samandreasfault
@samandreasfault,Yes, updated chart below
Reply
mchagtai CryptoManiac101
@CryptoManiac101, should we brace ourselves and expect the price to go down to 5K?
Reply
@mchagtai, Under $6,000 is possible
Reply
The last bear market took a year to recover though
Reply
CryptoManiac101 devilninja777
@devilninja777, You mean back in 2012-2013? We had a completely different market cap, little to no awareness about what cryptocurrency is and no one was dependent on it or using it.
+5 Reply
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