Hello, I'm back.
Let's recapitulate the events in this wonderful world of cryptocoins:
1 - Bitcoin grew potentially 95% from 6 June until 20 February. At that moment every market was creating positive expectations, everyone was hopeful. It was exactly on February 20 that Nano showed in 3 days a booming growth of exactly 171%, everything seemed to be great. Behold, from 21 to 23, Bitcoin had a 17% pullback, just as the Nano reached its peak of 171% and the next day fixed 29% of its historic jump.
2 - From the 24th we can see loss of volume of purchase in both Bitcoin and Nano and when nobody wants to buy, the trend is the sale, despite the volatility the chart wanted to show us something, gave us a clue based on probability, both showed low trend geometric patterns. Nano promptly formed a pennant with drop projection to a tier of pricing that I sincerely hope I do not see. Dow Theory: The chart discounts everything, including the Binance hack, The Securities and Exchange Commission FUD. Bitcoin has finally formed an 'M' pattern with drop projection for the 6800USD as you can see on the chart:
3 - I warned in my last posts some fundamentals that stated that Bitcoin would grow significantly and then fall significantly.
In the meantime, regulators are poised to fill their pockets, after all US Treasury Secretary Steven Mnuchin in communion with heads of state from France and Germany will discuss exactly that in the face of the top 20 economic powers in the world. To a lot of libertarians, this is an ideological insult. For players it's just one more way to take advantage of the time to make money.
The administrator of MT Gox has sold half a billion bitcoin cash and bitcoin between December 2017 and February 2018 to pay the creditors. He sold the first batch of 6k bitcoins on December 22, sending the price to almost $ 10,000 which later settled to $ 16,000. So he expected the market to recover to sell another batch of bitcoins, 8k on Jan. 17. What again produced the same effect, a crash hit the price of bitcoin. Kobayashi then makes another sale on January 31, this time for about 6k bitcoins. The vast majority of bitcoins were sold on February 6, which implies that they actually tried to stop the market by selling in the background. Total value of BTC sold are 43 billion JPY ($ 405 million). This leads me to believe that they sold enough BTC to pay the debt to the creditors and will not sell more BTC soon (they have not sold anything for more than a month). Today is Blockchain Africa Conference 2018 and cryptocoins are increasingly cheaper.
While Nano continues in accumulation, chart information only shows us the trend channel, the respective targets that will be gradually reached as Bitcoin moves.
I have no interest in operating under these conditions.
Thank you for your time
Let's recapitulate the events in this wonderful world of cryptocoins:
1 - Bitcoin grew potentially 95% from 6 June until 20 February. At that moment every market was creating positive expectations, everyone was hopeful. It was exactly on February 20 that Nano showed in 3 days a booming growth of exactly 171%, everything seemed to be great. Behold, from 21 to 23, Bitcoin had a 17% pullback, just as the Nano reached its peak of 171% and the next day fixed 29% of its historic jump.
2 - From the 24th we can see loss of volume of purchase in both Bitcoin and Nano and when nobody wants to buy, the trend is the sale, despite the volatility the chart wanted to show us something, gave us a clue based on probability, both showed low trend geometric patterns. Nano promptly formed a pennant with drop projection to a tier of pricing that I sincerely hope I do not see. Dow Theory: The chart discounts everything, including the Binance hack, The Securities and Exchange Commission FUD. Bitcoin has finally formed an 'M' pattern with drop projection for the 6800USD as you can see on the chart:
3 - I warned in my last posts some fundamentals that stated that Bitcoin would grow significantly and then fall significantly.
In the meantime, regulators are poised to fill their pockets, after all US Treasury Secretary Steven Mnuchin in communion with heads of state from France and Germany will discuss exactly that in the face of the top 20 economic powers in the world. To a lot of libertarians, this is an ideological insult. For players it's just one more way to take advantage of the time to make money.
The administrator of MT Gox has sold half a billion bitcoin cash and bitcoin between December 2017 and February 2018 to pay the creditors. He sold the first batch of 6k bitcoins on December 22, sending the price to almost $ 10,000 which later settled to $ 16,000. So he expected the market to recover to sell another batch of bitcoins, 8k on Jan. 17. What again produced the same effect, a crash hit the price of bitcoin. Kobayashi then makes another sale on January 31, this time for about 6k bitcoins. The vast majority of bitcoins were sold on February 6, which implies that they actually tried to stop the market by selling in the background. Total value of BTC sold are 43 billion JPY ($ 405 million). This leads me to believe that they sold enough BTC to pay the debt to the creditors and will not sell more BTC soon (they have not sold anything for more than a month). Today is Blockchain Africa Conference 2018 and cryptocoins are increasingly cheaper.
While Nano continues in accumulation, chart information only shows us the trend channel, the respective targets that will be gradually reached as Bitcoin moves.
I have no interest in operating under these conditions.
Thank you for your time
Comment:
I said "grew potentially 95% from 6 June until 20 february". This was typing mistake, I meant 05 february until 20 february. Sorry :D