BTC (Bitcoin) Market Cycle & Q4 2019..!!
Updated
The Market Cycle pattern has 4 phases..
* Accumulation, where buyers emerge and defend the support.
* Mark Up/Recovery, where the peak before the sell off is recovered.
* Distribution, where the majority of buyers join in before the +50% rise.
* Mark Down/Sell off, where the price is aggressively sold after a peak. Possibly profit taking.
BTC Update..!!
- Making Bearish Triangle & Forming Lower Highs in Daily Time frame..(Descending Triangle)
- 9000-9600 is a Strong Support Region But If It's Break Down Then We Could Seen Big Crash..
Bitcoin Upcoming Events..!!
September:
Sep 23rd - Bakkt physically-delivered #Bitcoin Futures launches
October:
Oct 13th - Bitwise final ETF decision
Oct 18th - VanEck/SolidX final ETF decision
Halving 2020
BTC Dominance..!!
BTC Dominance Has continuously growing & Still Facing Strong Resistance ..
I think Dominance will Dump Hard in Coming Days..(RSI Overbought + MACD and RSI Bearish divergence)
Will History Repeat Itself??
Please, give us your opinion in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
Join Telegram Channel for more analysis - t.me/CryptoCove
The information given is never financial advice. Always do your own research.
Note
Another View ..!!
Follow me On Twitter & Telegram For More Regular Updates..!!
Public Telegram Channel:
t.me/CryptoCove
Forex Telegram Channel:
t.me/Captain_FX
Twitter:
twitter.com/CryptoFaibik
Instagram :
instagram.com/captain_faibik
Public Telegram Channel:
t.me/CryptoCove
Forex Telegram Channel:
t.me/Captain_FX
Twitter:
twitter.com/CryptoFaibik
Instagram :
instagram.com/captain_faibik
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.