ecc81281

BTC/USD the time will tell

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
From what we can see, we had PPO bull div on 3D - 3 times in BTC history according to BITSTAMP:BTCUSD. The first two times it occurred we had a price increase of 61% and 67% approximately.

Price increase is calculated from the closing price of the candle when the bullish PPO divergence occurred until the nearest higher high.

Let's see if it can happen again.

I'm staying Neutral - holding.
Comment: TD buy setup signal on 1W comparing February 2015 and July 2018.
Comment: Fibonacci 1.618 corresponds to TD support and resistance trend line with range of first bullish candle to 8,000.00 BTCUSD
Comment: Squeeze momentum
Comment: There is a chance we'll reach 9,000$ in the next 2-3 weeks and have a temporary reject from that level.
Dont want to be rude or anything, just expressing my opinion here,

I really dont see why you think the price increase of 61% and 67% as you say shoud reoccur short term.

I mean as far as i am concerned we have room to go down right now - the RSI is quite overbought, the last time we saw the rsi that high was during the bull market peak during december, but back then we had lots of volume to back the price action - differently from now - thats why the squeeze momentum.

Also, keeping in mind the really obvious regular market manipulation pumps from time to time, i really think this short term uptrend has just been an excellent way of getting the shorts out of business, by pumping up the price. I wouldnt be surprised if we soon see some good old dumping, where the longs who enter the market get rekt.
And anyone who says well there have been great news lately - sure, some of that was very positive but a lot of that is bs as well, its not that hard for the whales to manipulate media.
I guess time will tell, what whales have planned for the future of btc ;)
Until then
Good trades and lots of profit!


+2 Reply
@SMXP, Thank you for your thoughts. Sorry I haven't seen the comment earlier. How are you holding these in this bear?
Reply
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