This is why I think, Bitcoin might have triggered a Buy Signal.
1. Bitcoin has a support at its "Golden Pocket Ratio".
2. Trend channel might stop the down turn.
3. Fear & Greed Index for Bitcoin is at 17, which can be seen as a contra indicator.
4. Bullish turnaround candle today
If Bitcoin can make it to close over 7500 USD, we might see the beginning of a...
If you compare the chart of Bitcoin of the Year 2014-2015 vs. Year 2018-Now, you see there is a huge overlap.
Many lows and highs are similar. That means we have seen now a temporary low at $3500 and might end with a final low in March 2019 at rougly $1900-2000.
This is also low of the year 2017 and might be a good retest.
Exemplarily, the S&P500 -0.95% rebounded on its 61.8% Fibo-Retracement. Also there was the correctional high of October.
If the S&P500 -0.95% can´t close above 2.820 points, it is in a short-term downtrend. The next first target would be at about 2.610 points.
If the bulls still do not take the scepter, it can slip one more level to 2.480 points.
If we see...
Facebook is struggling with a major resistance at USD 170. Also the NASDAQ had no power to close the week with positive momentum. This might be a reason, why the upcoming weeks could end painfull. Facebook could see a downmove back to USD 150.
In my previous analyzis of the NASDAQ, I mentioned as well that we might see a 10% correction....
The next downmove in TechStocks might come soon! Everyone knows the 61.8 Fibonocci resistent.
Will this magical number also apply after the short pullback?
There might be soon the next correction by around 10%.
Out of the FANG Stocks, Facebook reached a major resistent zone, Google and Apple don´t look neither strong.
Only Amazon is able to show the...
There a many ways to Rom. Also the Bitcoin has many options which way to go. Let´s see the join the trip.
Next Support Levels:
- 6.000 - 5.400
- 5.000 Magical Number
- 100.000 Major Goal in the next years
The Bitcoin -2.19% saw a massiv corretion with the beginning of 2018. But there is no sign, that the entire correction is over. After the crazy rallye in 2017, the target of USD 3000 is still in a phase of a big uptrend. From here, Bitcoin -2.19% can start the next exceeding ralley. So even the major target of John McAfee, that the Bitcoin -2.19% will reach USD...
In 1987 we saw a massive drawdown in only couple of weeks. That´s why you have to be prepared for a crazy sell off in a short period. Don´t get panic. It might be the best buy opportunity since the last years. The patterns are simmular to 1987 and there is major support zone at 15500 where the Index could find a bottom in case of a huge fire sale. Also Ray Dalio,...