Bitcoin / Tether USDShort
BTC, too early to grow
Updated
The main idea behind this scenario is that Bitcoin will not go into a bullish bias until G20 summit in March.
"U.S. Treasury Secretary Steven Mnuchin has indicated he is planning to raise the subject of cryptocurrency regulation during an upcoming G20 summit to be held in Argentina in March."(coindesk)
I expect that BTCUSD will go into lateral movement between 12000.0 and Angle Support of the global correction pattern until the G20 event. I expect a rebound in the 11000.0 - 12000.0 zone (below the Neckline of the Reverse Head And Shoulders Figure) and movement back to the 10000.0 level or even lower.
Such stressful behavior also will be a good opportunity for big players to buy in on the low prices.
"U.S. Treasury Secretary Steven Mnuchin has indicated he is planning to raise the subject of cryptocurrency regulation during an upcoming G20 summit to be held in Argentina in March."(coindesk)
I expect that BTCUSD will go into lateral movement between 12000.0 and Angle Support of the global correction pattern until the G20 event. I expect a rebound in the 11000.0 - 12000.0 zone (below the Neckline of the Reverse Head And Shoulders Figure) and movement back to the 10000.0 level or even lower.
Such stressful behavior also will be a good opportunity for big players to buy in on the low prices.
Note
Vice News published an article about a lawsuit against Craig Wright (allegedly one of the man behind Satoshi Nakamoto identity).This lawsuit could reveal the truth about the creation of the Bitcoin, and of course, add more fuel to skepticism around the fairness of the system. Anyway, it is not something to miss.
The article name: "A 10$ billion lawsuit could finally unmask the creator of Bitcoin."
I don't know if it is allowed to post links to external sources here. Just look it up.
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