BTC USD BOTTOM SOON
Updated
Please give me a like if you have the same opinion
BTC USD it s near the 1 MONTH Deathcross after we will reach the BOTTOM,same will happened in 2010 and also in 2015(january)
MACD it s still overbought for a long time and RSI is below neutral zone
We need MACD to going at neutral zone which is 0 and curbate slowly up to remain an overral/globally bullish market
Huge support is at 2900-2100$ and this will be the bottom in my opinion because:
-Triangle target is 2800$
-This will be the 86%+ decrease
RSI near all time low
BTC USD it s near the 1 MONTH Deathcross after we will reach the BOTTOM,same will happened in 2010 and also in 2015(january)
MACD it s still overbought for a long time and RSI is below neutral zone
We need MACD to going at neutral zone which is 0 and curbate slowly up to remain an overral/globally bullish market
Huge support is at 2900-2100$ and this will be the bottom in my opinion because:
-Triangle target is 2800$
-This will be the 86%+ decrease
RSI near all time low
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Same in 2014-2015.
When deathcross will happened,BTC bottomed out. January 2015
Don t forget also,between 31 dec-16 january we are in cboe futures contracts which is BEARISH,in my opinion ETF will be postponed
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This deathcross can be happen or now in December or in January,after sideways and late 2019 starting bullmarketTrade active
1D looks ugly :)
Stoch overbought=bearish
RSI dropping=bearish
Macd=bull cross but volume it s very very low
If 1D candle will close below 3962 probably we will visit 3,4-3,6k region but only IF will close below 3962
Note
12h candle we see a confirmed bear crossEMA cross can be soon which means the price will go DOWN
Volume going down=bearish
Cboe(bearish) future expires in 16 december.
At the moment,i m spectator :)
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This is a cycle in crypto-market. Now is the best time to catch cheap altcoins. After this phase we are going sideways and after consolidate bullrun once again,yes.BECAUSE IT S A CYCLE!!!!!!!
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Still on track..dropping dropping and dropping :-)
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