EASILY DEFINED SUPPORT FOR BITCOIN! Great profit ratio today and a counter position should it fail. Have fun!
BLX
BTCUSD analysis 19/11/2019Summary and additional points:
In the video I talk about the current TA and QA, talk about all the narratives as to how we got here, the current landscape of the market and many other things.
Bitcoin should be bouncing here but looks too weak. Too many longs... Funding, open interest and premiums agree with that. The market could get to 8400 but that's as far as I can see it go. Definitely don't expect any new highs and time soon. New highs and ATHs in Q1 or Q2. Currently all I see is potential capitulation in Nov-Dec with a change occurring with the new quarterlies in mid December
As I've been saying Bitcoin has been bearish for a really long time. Personally was bullish on alts for quite some time and got a few decent plays as I mentioned on twitter, but now I am out of most alts. Have separated my accounts in Trading, Hodling and 'investing' where investing consists of gems in which I have 5% of all my coins.
Alts are suffering too as there are too many ALTUSD longs and there is an Adam and Eve formation on BTC.D. Imho there are still plenty of good opportunities in alts if you look at mid-low caps as large caps with leveraged show high correlation to the downside as BTC goes down.
Key areas to the downside : 7500 - 6850 - 6400 - 6100/5900 - 4900 - 4300
Compression range is well defined for bitcoin The compression range will point out the direction of trend quite effectively once it breaks.
The perfect way to take a long position explained BTC has entered a bullish mean reversion condition
Fake Volume, Bitmex and a possible Bitcoin ETFIn this video I explain why fake volume is irrelevant, my counter arguments against the SEC's stance regarding liquidity and manipulation, how I see Bitmex and the decentralization of exchanges, along with the real issues an ETF needs to solve before it gets approved.
Complete analysis on the current Bitcoin situationGoing through how I currently see things: Yes still bullish and won't flinch until we fall below 3450. Conviction.
BE A BULL, BE A WINNER. BITCOIN WAS CREATED FOR BULLS, NO BEARS.
Bitcoin (BTC) could be heading to new yearly lows, here's why.Good morning everyone,
Here's a quick update on our thoughts about Bitcoin.
Hope you enjoy the video.
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Axsonex Team
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A Weeks Worth of Predictions are Correct.Bitcoin has done nothing but trade laterally as defined by the most overexpanded period! Thanks for tuning in.
