I'm not trading crypto but have some of the retirement socked away there, figured it'd be fun to map it out for you guys and start dipping my toes in trading here.
After last BTC spike the question is will it fractal its first run and go to $100k or merely behave like some of these FOMO stocks and stay within the realm of reality from here on out.
For now, we'll...
Creen que podríamos bajar tanto para rellenar los gaps en el gráfico diario de los futuros del CME? Tu que crees? Yo creo que sería genial tener esa oportunidad de compra alrededor de los 10k para subir con fuerza y reventar el ATH de una buena vez!!!
Bitcoin Chart indicate strong down trend from 20640 to 3010 as per Down Trend Line and Fib Retracement.
Price went up to 13925 as bullish took control until the price have reached strong resistance level at .618 then price went down to support level at 4385 as per Down Trend Line. Price started to hike as bullish started to take control of the market again until...
We have textbook triangle on the chart of btc futures, this triangle could be part of rising wedge. Triangles are always 4th waves in cycles, that means we are currently finishing 5th wave and after we hit the target of triangle, I would expect bigger move to the downside.
The crypto market has recently been talked about as a potential inflation hedge asset aside from the commonly accepted asset such as gold.
Several banks and payment gateways are starting to open to the crypto market too.
While I will be interested to acquire some bitcoin myself, now may not be the best timing.
Should price retrace back lower potentially towards...
Really mooning now. The market in my eyes is in disbelief, I am not seing the crazy fomo of early 2018 and Q2 2019.
Funny how plenty of crypto "investors" have disappeared and youtubers & CT guys have "quit to focus on more important things".
Have not heard in a while from all the angry baghodlers.
They had to leave and lose interest for this thing to go up haha....
BTC CMEs closed as strong bullish candle and at the highs of Jun 2019,
Normally i would be looking for a further stab to the upside to 16850, but here are some problems
Bitcoin is correlated with Gold, Dollar Index, SPX500, anyone who is saying its non correlated can be proven wrong,
-Gold is looking bearish and toppy, since its positive correlated with bitcoin...