As I mentioned before that the market has always been at the gate of the outflow of funds. For the time being, there is not any big inflow of funds. The market appears to be in a quiet period, with no positive or negative news. In this case, the market operates in its own way.
From the daily chart, the Bollinger Bands are showing very bad signs. The Bollinger...
First, sorry for a delayed TA, I needed to gather some thoughts, find time, and energy to put the gravity of Crypto for the last year of 2019.
So far this year have been one hell of a roll coaster. I have feeling that December, is just going to get just as wild.
First, we have a fractal on Dec 7th, so this Weekend, we can expect fireworks. I trully, hope this is...
Bitcoin Cash is headed for a collision with the intersection of the downward trend line and a longterm support. The Bolinger Bands are tightening and the total market cap is falling. I'd target the longer-term resistance line for a purchase between $105-$120 in the months to come.
Bearish Butterfly Scenario for Bitcoin Cash ( Daily Chart ).
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Look at fibs for reference. Use trend-lines as a guide. Count the waves.
We see - a range fighting is a best scenario for some time now. alternatively, breakdown lower, if we can;t defend 200.
Otherwise collapse to $160 or so.
I think everything else is kind of explanatory on the chart.
Good Luck Everyone!
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/...
October surely was a fate defining moment for - CHINA.
China finally realized that the way to truly win the global war against the USA, if it comes to it, is to dethrone Dollar. Something Russia has been actively doing since the sanctions have been placed on it, after the Ukraine debacle.
Nothing threatens the dollar more than creation and affirmation of a...
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