As the market is headed to the 2019, the traders and investors are taking cautious move on their portfolio management. A lot of respected investors are taking safer position
* Warren buffet is growing the cash pile going into 2019
* Ray Dalio is increasing his gold holding and informing investor about the deb crisis
The UK and European market is showing...
The BTC/USD chart is showing the break out of the long triangle formation and beginning of the Elliott Wave movement. The market is showing potential 2:1 trade opportunity for BTC/USD.
Would love to know your thoughts!
BTC is headed to the end of the consolidation triangle and headed toward the October timeline which historically been bullish month for BTC. I am cautiously optimistic going into October in long position.
Always hope for the best and prepare for the worst.
With the massive sell-off past two days, the BTC is looking for a reversal. The reverse candle stick is shown on the daily chart with the decrease sell off volume. Based on the chart, we are looking for another test of 7K and potentially consolidate again.
BTC price action has been really interesting past 6 months. There exist a strong support around 6K level (Commonly known as the production break even point). Whether or not the price has been manipulated, the BTC price is consolidating towards 6K. The current price point serve as good long position opportunity (Obviously this is not a financial advise).
I am definitely bullish on BTC. However, I think the recent price action was too fast for the market to handle. Based on the Fibonacci level I believe BTC will pull back to around 7K before it makes the rally to 8K in month of August.
1) Short BTC until 7K
2) Long BTC starting 7K
3) Close all position ~8.4K
I wish I had the power of doctor strange to see every possible scenario of BTC and find out what is inevitable faith. I definitely think we are at the end game. We headed to the critical level of BTC around $6500.
If I can paint the picture of defeating Thanos (ultimate bear) from cutting the BTC price in half, we will need to reverse the RSI and turn the MACD...
I know it is not conventional to perform TA on Monthly time frame. I wanted to have a long term view of the BTC -2.87% . Based on the Monthly view and Fibonacci level, we might see BTC -2.87% near all time high on September 2018.
The Bitcoin price action has been consolidating for past couple of weeks. The potential energy has built up and ready for blast off. The direction is up to the market to decide. I have highlighted what I have been tracking for last three weeks.
Please share your thought! I am always bullish on Bitcoin and cryptocurrency for the long run.
I have a strong respect to the crypto king BTC. I really enjoyed the gains last 3 months! If you held onto your BTC through last 3 months you had over 100% gains. I believe it's time for crypto king to rest and give Altcoins chance to rise.
Based on my follows request, I have created my hopeful prediction for the NEO path to $100. I am a strong NEO believer and can definitely see NEO making it to three digits near future. The question is when and I predict it to be around end of October.