If the CME futures open tomorrow with a bearish gap, an island will have formed, a technical figure of bearish implications.
It would be bearish as long as it remained under the gap formed.
Short trade after triangle break.
We divide objective: the objective of the triangle is at $ 6100, but a good part is closed before, at $ 7500
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This is an extension of an earlier idea to see a closer time frame.
On 2 previous occasions, Nov / 12 and Nov / 16, the overcoming of the SP500 ATH and following pullback, has advanced the BTC ATH in several months.
The key is if SP500 will exceed $ 2950 again, then we can have a clue of the new BTC ATH.
If you finally don't beat it, we'll see a longer BTC bear...
A forecast, using MACD and RSI, of what could happen in the coming weeks before seeing a turn of the curve and the end of the global bear market.
This means that we would see even lower levels in the Altcoins.
You can see how a bullish SP500 helps BTC.
When SP500 exceeds the previous ATH and makes the pullback, it advances the new BTC ATH in several months.
Therefore, the $ 2950 level in the SP500 is an excellent reference to know months in advance if BTC will exceed 20k and get a new ATH.
If the SP500 fails to maintain $ 2950 it will support the bear market of...
The rise in the price of BTC between Dec / 18 and Jul / 19 is only a rebound from the previous fall.
1.-has reached just 0.618 fibonacci
2.-He has also done pullback to the 2011-2017 line, which lasted 7 years before breaking.
This leads us to think that the BTC bear market is going to last a good time yet, therefore I don't think we will see ATH even in 2019,...
BTC has been going up for 7 years. It is logical to think that he has made a great cycle wave, which corresponds to another large corrective wave, not only in price, but also in time.
One year is not enough, BTC should be at least 2 more years before seeing new ATH.
The halving of May / 2020 serves many to be sure that new ATH will be seen, but the markets do...
We can see a very definite behavior of the dominance graph, depending on whether we are in a bullish or bearish cryptocurrency market.
The current situation, since January / 2018, is that dominance is rising and probably has not reached the maximum of the current cycle.
We must be attentive to the turn, because it will surely be signaling the beginning of a new...
