BillCharison
Long

#BITCOIN - GOLDEN CROSS TODAY!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
During the whole 2019 year we've seen two crosses.

The first one was bullish (golden) and appeared at the 23th of April, when $BTC cost $5400. Then the price reached $13800 point in 64 days.

The second cross was bearish (death). The one appeared at the 26th of October when $BTC cost $10500. Then the price dumped to $6600 point in 53 days.

What about nowadays? At the moment we can see a formation of another Golden Cross, it should be finished today. Therefore, the price will go upwards from the approx. current range of $9500.
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Comments

Bitcoin has finished ABC correction and will go up after weekend! This idea below explains why:

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I think everybody should be long with BTC/USD. If you know a bit of price action, you will see that is trending higher, and right now it is ending its pullback. In fact I think today was a great entry point, because besides it is ending its pullback it is also in a very important support level, and lets not forget that it did the golden crossover today. Yet if you still think that being long is a really stupid idea, you should check the RSI, it is right now at 50 which could be understood as fair value, but it also means there is plenty of momentum for to price to become overbought again.
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There is obviously no sustainability in this market (ever since Bitcoin Futures invaded this space), especially none in the altcoin market. I know this is not what crytpo enthusiasts want to hear, but dreams of a 100k Bitcoin and a so-called alt season seem far out of touch from reality now that bigger and badder players have entered this market.
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@kardia because bigger and “badder” playera dont want 100k bitcoin. LoL :D
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kardia The_Late_Adopter
@The_Late_Adopter, exactly! Just like they don't want gold and silver prices to reflect their true value. It's all about suppressing anything that appears to be a threat to filthy fiat.
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btcusd target bears 7600-7800 4-8 weeks (NEW).
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bearish engulfing appeared. We should be careful
+1 Reply


problem solved.
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