S&P is about to fall through the 4-Years uptrend, I'm anticipating a move to around 3200-3300 - to be later decided what will happen next if/when we get there!
but what about cryptos? does the correlation will uphold and they fall more too or they break away and unchain themselves from this correlation? personally i don't think they break this correlation anytime...
In my opinion it's as low as it goes, everything has bottomed out, and the oscillators are extremely oversold.
it's an amazing opportunity to get in BCH at the very bottom and the R&R ratio is perfect with huge profit potential.
if you want to join the BCH train, now's the time!
i believe this will break to the upside and then maybe a retest of the broken trend, after that it won't be in this range again!
so don't miss out and remember to HODL, cheers!
So far so good, as I've mentioned in my previous chart of gold, we probably won't see 12xx prices ever again.
By breaking the remaining resistance line gold will officially enter bull market which will stay for foreseeable future.
Everything is ready for it, technical and fundamental wise.
back in old days of bitcoin, we were saying will it catch gold or at least...
Just a Quick Update:
Following successfully breaking out of the channel the following levels will be the key points and if/when broken the price will reach higher:
Let's wait and see how this plays out :)
1. Political Turmoil Around the World and Uncertainty in Markets
2. US - China Trade War
4. S&P Weakness Signs
5. Next US Election
and the list goes on and on, Gold could be a major safe haven in the coming days.
Well It's Running Out of Steam,
Bearish Divergences Everywhere.
Reasons for Crash:
1. BTC-E Gone Dark
2. New Rules for Exchanges in US
3. Bitcoin Civil War
4. Uncertainty of Final Successor in Bitcoin Scaling Situation
5. Insecurity of Investment Because of Recent Situation with BTC-E
6. Having Powerful Rivals
7. New Rules for Trading Cryptos
and it goes on and...