BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The lack of volatility and volumes is becoming a problem to keep a bull trend. Bull momentum is ded and every resistances are becoming harder to break.

I expect a rejection in a near term of a resistance maybe 7.2 or lower

Bitcoin is gonna fall slowly until Septembre, a potential panic could occur and give a wick to 3K with a brutal V bottom.
Btc should retest longterm TL in white.
The exit dump with a vertical run up should be a signal for important volatility back, that could push investors to buy, with the idea that btc bottomed and potentiel huge profits to make.

A lot of instutionals are ready to jump but imo they expects more dump to enter or needs time to prepare the entry (etfs, laws,...)

So i think there is an interesting swing to do.
Starting to short in a near term a rejection that will occur, to the final bottom (enjoy holidays)
Waiting a brutal crash and starting to go long between 4.7 and 3k until new ATH ( 30K) and take profit

BULL SIGNALS TO WATCH:

Volatility ( see the stdev, we bottomed, but it can take time before volatility comes back, investors wont enter without volatility , useless to bet money on something that doesnt move)
Fresh money ( Funds, Etfs)
Lightening ( a possible dump could happen, because it will decrease income of miners for a short period )
Coinabse Custody and others SACHS, NYSE


BEARISH SIGNALS
Mt Gox Sells Q1 2019
Bans
Tether fud
Hacks

Comments

Why is your 0 fib at 91.80?
Reply
TheDuke6 FOMOSAPIEN1
@FOMOSAPIEN1, doesnt matter at that range between 0 and 500 usd, it moves fibs just a few dollars.
Reply
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