Here my latest analysis where you can see Fibonacci zones related to each other as numbers 8:5:3:2:1:0.
It is hard to deny that the price follows the pattern.
Zero point - the tip of the wedge is located at the level of $1250.
The date of the next critical event is located around 27th of May.
Most likely, the next...
- Sits 2018 LOW once again at 0.00000068
- Not the 100% scam
- Good fundamentals
- Good for both holding and speculations
- Not targeted by Pump&Dump groups
- Indicators are pointing to the growth likelihood
- Indicators are not supporting downtrend;
- Short MA is pointing up.
- H&S is drafted.
- Traditional stock markets in green (that should relief investors and welcome them to more risky and profitable instruments which bitcoin is)
www.tradingview.com is going to be acquired for $6.45 per share.
There have been extreme growth since November.
The price has reached a plateau and trading in the range.
Indicators are pointing out to overbought condition.
I do not believe in continuous and sustainable growth during economy crisis which is unfolding now...
I have taken a long position.
Stop Loss: 5800
Take profit: 6980
USA stocks have been very volatile at the end of December caused my the government shutdown and FR interest rate change.
I can see a building up pressure by buyers.
Indicators are pointing out to the correction to the upside.
The price may...
- strong support
- continuous consolidation
- room to growth
- working tokenomics
- product improvement
- users database growth
- wait for ATH before the end of 2018
- fix profits