Michael_H_Peter

Michael_H_Peter

Hello friends, I would like to post my long term prediction for Bitcoin with Moving Average Ribbon Indicator. Since we don't have any good news about crypto market and have lots of angry investors and miners, I don't see any bright future for it and I'm going to stick up to my pessimistic opinion. In the chart please pay close attention to the similarities of last...

Michael_H_Peter Updated 

Hello people, I eventually came to a logical analyzing point today. BTC still keeps the proper $3600-$3700 support area which is good for our expected high jump. This might be the last high jump this year since lots of people, giant companies and etc. are waiting to sell. Ethereum's last Monday's rocket proved that people believe in Ethereum more than in...

Michael_H_Peter Updated 

Hello people, I want to make another update about Bitcoin's future. All the analysts here, including me are waiting for the right shoulder's formation but we are not getting any good news from the internet. Bitmain is one of the biggest mining giants in the world is running out of money to continue its operations across mining and blockchain development. They...

Michael_H_Peter Updated 

Hello people, lets continue observing the right shoulder formation. Please pay close attention to the similarities of the left shoulder and right shoulder (the right shoulder is not formed yet!) Yesterday $3600-$3800 support area was holding pretty good and it continues holding. I see 2 scenarios here. Today it is going to go high until $4500-$4600 and drop or...

Michael_H_Peter Updated 

Hello people, please first of all don't use this as a trading setup. I'm observing Bitcoin for about a year now and understood that we are all in a big Casino right now, so anything can happen! All I can say for right now that $3700 is a great point for high jump! Good luck and Merry Christmas to all of you.