Huge Trend channel that failed to break with a rejection at 13800$ area.
Incredible price action, incredible way of draining every little hope & pain from HODL'ers.
This chart will age well <3
Is one of those on long-term prediction's that I make and strike with surgical prediction.
So far we have reached Supply Area #1 if the FOMO gets high we might see to hit Supply Area #2
After that the supply my reach in an Waterfall situation where old HODLers are willing to dump for smallest loss possible or higher then break-even.
There is no fundamentals to back this pump, only technicalities.
Fundamentals actually are worst then you might...
MAJOR CORRECTION AHEAD.
It might run up for a shadow candle at 5700-6000 LEVEL.
But that's it major supply at 6k$ so basically that's where the game is over.
But currently all WEEKLY indicators are forced out of their maximum values which indicates me that a very MAJOR correction is coming. Larger then 30%
So those neysayers that said we won't see 3000$ area...
The pattern of higher-highs and higher low's. It has now ETH-BTC pairs on its side with a lot of room up.
If we going in downtrend it will try to go and create a lower- high.
Either of that it looks like a LONG position somewhere here. Didn't yet decided.
Basically no overanalysis just based on MOMO (Momentum Traders point)
Which means once an asset goes up it will continue to do so with small corrections in between.
Not a financial advice just testing DOOM & MOON Variants.
Greed is stacking up
Why are we going up? For no reason at all.
Fundamental literally ZERO reasons. Just PURE speculation pump based on no outside interest. The smoke has been imprinted already in general mindset that Mt. Gox coins will be released in 2 years. Hmmm based on some guy that had no more patience and sold his claim.
Technically we were in a neutral...
We have a classic "M" top formation which signals a change of a trend in most cases.
As W formations signal bottom formations of any type of assets.
Fundamentally Binance & It's token is like a company at its stock. It reacts to what the company does.
So we had a token burn the reaction was pretty low on that.
Owner of Binance, CZ started to delist BSV in...
So basically BTC will test the resistance. After doing that test hitting it maybe 2-3 times. It will continue the downtrend until 2020 Spring.
A bull market in the whole history of Bitcoin, never, never started from a V bottom and for the past 10 years, it had only done double bottoms.
What changed? NOTHING. Just a mysterious buy-out of 20.000 BTC that...