In weekly, BTC touched MA200. That thing is strong as hell. A strong wall. My suggestion is that we've seen the bottom for now and probably even the correction of the whole thing when I look at the whole situation.
For now, I expect a bull run. I suppose we will hit good values until end of December. How much can Bitcoin raise in 3 weeks? who knows.
Right now, Bitcoin behaved as expected. I thought it would go up more but MACD already went shortly bullish in 1h. So, I'm fine with it.
I'm expecting this to happen again. MACD will likely go towards cross in 1h. But looking at the overall situation maybe only in 30 min. All in all, it's just a gimmick if it happens. The direction is going down and down. For...
Bitcoin went down a bit as expected and made a little correction move as expected. In a 15 min chart, I show you now how we will go on.
The correction isn't over. It will climb up a little bit. Afer that Bitcoin will drop more.
All in all, we are moving slowly but steadily down.
There are times, when the market behaves bullish. Maybe it's the best time to counter trade yourself. But I'm keeping my bullish position. I bought. And I'd advice you some ReddCoins because it might be the next big thing
Bitcoin has had some correction after the bigger down move. We might see another big one of this. So, keep your shorts up.
I see a possibility to ~$6.6k. But that move would be low. Afterwards, Bitcoin will go sharp down once more seeing the lowest point since a long time.
It's either double bottom or lower. It wouldn't matter at that point as if it reaches...
While some folks think, Bitcoin might be REALLY going up, Bitcoin and altcoins are indeed going up. "It might be worth a look at what Ethereum does" was the first thing I could think of - considering how weak Ethereum performs at the moment.
First things first: Indicators are bearish. That's what you can expect, if the chart moves down for a longer time. But...
Bitcoin behaved quite strange the last days. Low amount of people expected a longer going upmove like this. I have the feeling that the majority is waiting for a price correction.
Looking at the chart, you might not want to wait for that. We had a cross of the MA50 and MA200. Indicators are bullish. Resistances, which would result in lower prices were crossed...
To begin with: I did not expect this. I've expected a drop after a few days of sideways movement. But was still bullish. The reason was: what else? The drop I thought of was min 7200 USD. But we dropped really hard.
Panic selling at it's best did make us lose money. Well. Let's see what happened:
We had the sideways movement I expected in my last Bitcoin chart....
There are two reasons why I am bullish here:
a) Bitcoin seems to be bullish! This is the most important one! If Bitcoin decides to just drop hard, then this might be it and XVG might even drop harder.
b) Verge has news this month.
We are at a really low position right now. Verge showed how fast it can move. Still one or two days of sideways movement? Easily...
Bitcoin made it's moves. Now it's also time for Ethereum to shine - a bit. At least we can say seeing the potential is has.
Let's begin with what happened recently: We had a bounce at the MA50 just as Bitcoin did and Ethereum moved up. There is even a breakout of the big trendline (after breakout there might be a little consolidation.
What comes next is...
We are in a correction! A correction runs somehow sideways. It goes up and down - up and down. Corrections are a great way for you to lose money because of triggering bull/bear traps all the time.
It's time to grow up. Don't expect to be someone who can predict the market with "May 6th" etc. The charts don't work like that. If the mass expects something like...