Yellow Resistance trendline is
20000 - 2017
14000 - 2019
Red Resistance trendline is
14000 - 2019
10500 - 2020
Blue Support trendline is
from Plus token dump
3500 - March 2020
5900 - April 2020
8800 - May 2020
Black Multi Neckline is
Break Above is bullish momentum
Breal Below is bearish momentum
Fibo Swing low to swing high means bullish trend and as we maintain 0.236 - 0.382 indicates violent move to the upside
fundementals:
bitcoin can be slow to confirm transactions but in reality BTC is drying up from exchanges
Social unrest in America / creates uncertainty for international investors = dump the dollar $
Covid-19 uncertainty / Hoax or not it lingers fear for international investments
USA does not have sovereign policy to stop printing / 2.8 T was printed in May alone
Global slowdown / causes traditional currency to devalue
Bitcoin is the only way to peacefully protest - in order to stop corrupt government(s) is only by Defunding it.
20000 - 2017
14000 - 2019
Red Resistance trendline is
14000 - 2019
10500 - 2020
Blue Support trendline is
from Plus token dump
3500 - March 2020
5900 - April 2020
8800 - May 2020
Black Multi Neckline is
Break Above is bullish momentum
Breal Below is bearish momentum
Fibo Swing low to swing high means bullish trend and as we maintain 0.236 - 0.382 indicates violent move to the upside
fundementals:
bitcoin can be slow to confirm transactions but in reality BTC is drying up from exchanges
Social unrest in America / creates uncertainty for international investors = dump the dollar $
Covid-19 uncertainty / Hoax or not it lingers fear for international investments
USA does not have sovereign policy to stop printing / 2.8 T was printed in May alone
Global slowdown / causes traditional currency to devalue
Bitcoin is the only way to peacefully protest - in order to stop corrupt government(s) is only by Defunding it.
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.
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.