Monthly TimeFrame !!!!
What you see. The chart belongs to the whole market. Which is called Total .
Because the Bitcoin dominance is declining and the price is 70% correlated with this chart. Given the divergence seen in the RSI , one can expect Bitcoin to rise and then fall again .
According to my personal opinion and analysis, it can go up to the...
Sooo, weak... On top, we have another significant spike of "days destroyed" >>>
blockchain.info
While there is certainly a lot of room for speculations about the possible reasons, I do consider it as a huge bearish red flag in any case.
To buy/long ETH and getting rid off Bert before he starts to properly dump is recommended.
Target (BTC): 373.00EUR (ETH):...
Sorry to disappoint you bulls,
but we broke out of the primary uptrend in bitcoin.
I applied this A=B method to estimate a ball park (B) for the current downtrend + a possible bottom.
This is just my anticipation not a prediction!
I only assume something like this might happen if we fail to break out of the downtrend around 300.
Check out the volume profile...
