Lots of market buy and short positions are being added at the moment . patience is key to highly volatile Bitcoin , we can head any way from here chances are going down more likely but i wont buy on this price level either
1. My own scenario analysis shows that Bitcoin actually will strengthen United State's political power as it is priced in US dollars just like Petrol Dollars.
2. Imagine one day no one outside US will be using their own local currency for financial transaction so the demand for their own local currency will collapse and the role of their central bank will...
After breaking 2 important moving averages and a Bearish Cross in MA's & MACD in Daily Time Frame and a breakout in the Daily channel it may fall till the next important MA. There is a major support near 40-42. After reaching this Support Zone, it might bounce to 47 - 52 - 58 AND maybe Breaking the daily channel and reach a new ATH. Good Luck Traders !
Hey traders hope you all been great, its been a while i shared my charts as i've been busy with so many other business activities.
In this chart we reviewed our previous analysis with some partial modification and adjustment
Where we compared our current bull market of...
possible consolidation for the next couple weeks for BTC? I overlaid the Jan consolidation period for an example of how things may go.
I think as futures expire in a. few days selling pressure will be gone and we go up, but who knows, this is crypto :D
Dear traders,
Bitcoin is still in a downtrend. Inside the green line the bottom is arround $41300
Outside the green line we are picking up bullish again(DAILY CLOSE!)
Good trading, Hans
