Ichimoku also provides a small gap, similar to the situation at beginning of august.
My target is 10200, small correction and continuation till 10900-11300. Lets see what will happen.
This is not a trading advice.
I guess we are in front of a major global peak across all markets. All investors are close to take money out , they are just waiting for the last bit of gain.
Where will the money move? Into Fiat? Into which? Into BTC? I have no Idea! Clear is, BTC is not that bearisch anymore and might move UP or DOWN significantly, close ahead.
This is just an idea, no...
It can not grow forever.
Some of my thoughts:
New pushed "Industry 4.0" will not change this. Maybe the automotive industry could focus more on electric driven cars and solar cells for home use, this would drive again the economics. But, this is not wanted. It would eliminate the money flow to big electric power companies and the crude oil owners.
BTC Hot Moments, nothing more to say, or, maybe a little would be fair:
MACD inidcator is very different for each timeframe, but this is likely since we are indecisive between bear and bull. Just MACD daily gives some indications that the bottom is close, either close behind or close in front of us.
EMA200, we are still little below.
All other analysis like...
Long bearish scneario not visible, but always possible.
If we break low, btc will be bearisch sidewards for at least 6 month, in worst case till 2020.
With a bullish point of view, BTC is currently formin the handle of and 2 year long forming CUP - So overall we should be bullish on this BitCoin!
This is not financial advice, it is just my...
Cup and Handle, 20 to 40 days
Attention: Might be weak point now since BTC is weak, Volume low (Should be like this at the end of a correction, but with weak BTC some negative), MACD Daily looks fine and signals to me some trend change. We are below MA, not nice, but almost the whole market is below, so i think this is not that dramatic. We will know maybe soon.
Looks similar to many of the corrections alcoins aree used to process. Is it that surprising that BTC does the same in larger scale? No BTC moon for now! It will either continue bullish, sidewards or go back to the roots. The volume during this correction is always high, which makes me feel, that the power for the next bullish trend is lost in the greed by not...
This is an update to the previous 'Trading-Idea', i tried to show where this looong postponed and slow behavior comes from, since everybody on different social networks is claiming that TRON, ADA and many others perform much better. From my opinion is it some kumulation of two facts, the previous rise of 30x, and the drama-show which contolled everybodys christmas...
This XVG/USD triangle is even nicer than the XVG/BTC pair. I know, everywhere FUD and some disappointed buyers. But, Verge did an 3000% bullrun and deserves this correction. The FUD is gone, could not stop the continous growth, it just delay or postponed a few days. Makes the support even stronger, thats why FUD never worked out in longterm.
The tradingvolume was...