BITMEX:XBT   Bitcoin / US Dollar Index
Hi friends
After the incredible growth of Bitcoin , there was a correction, on which we earned.




I never said that I’m a guru or a king or someone else. I don't like this pathos. I’m a man who looks like you and studies the market and I will dedicate this to my whole life. By this, I’m always glad to see your comments and personal messages.

In this post I will talk about Bitcoin and potential movements of the situation.
We have several serious levels of support - the yellow zones
I also showed two trend lines , they are also support lines from which we can continue to grow.
D1


H4


I follow not only the Chart, also the activity of people and a special hype among the community is missing, I saw a great surprise and shock from this crazy growth.
From the point of view of fundamental analysis , hype around Facebook and Libra pushed the price and understanding of many people that an influx of new people and new money will come to cryptocurrency.
I believe in it too

This is the beginning of a big bull market as I said in my post and I have a lot of arguments to market grow




Psychological aspect



A falling wedge was formed locally. This is a reverse figure that should work upwards, and then there are, as always, two options to continue to grow or even test the lower trend line and then start to grow

Comment: Touched support line
Comment: Break down support line but still in support horizontal zone
Comment: I want to show you scenario where we go lower

Tegalta05
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Hi. I am seeking advice from many famous traders. I think that if BTC reach the last peak in 2017 before 2020 Halving, there will be possibility that the four-year cycles of BTC is likely to change to three-year. What do you think, your precious opinion is a great help to many people.

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@EXCAVO Never forget Master EXCAVO...

"WE WILL BE GOLD BEFORE THE PORN, WHILE GOLDEN IDEOLOGISTS WILL EXIST" ~ Rothschild's

"The same situation with cryptocurrencies, but this is only the beginning" ~ Master EXCAVO

+1 Reply
Really interesting analysis, man! Lots to consider. Here's my simple take on the short-term outlook...

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NEW ATH COMING
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Expecting 12700-13500 price or even double top

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Here is more clear view on 4Hr for whats coming!

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Nice analysis, but here is my take on it:
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