The second option, more preferable.This option is more preferable because the fall converges with my expectations about the EUR/RUB, all the waves are poorly formed driving waves, the last moving wave in particular. Accordingly, we need to think about the composition of this index.
Consists of:
1) GAZP - 15.00%(Most likely there will be a correction)
2) SBER -13.84%(Most likely there will be a correction)
3) LKOH - 13.43%(Most likely there will be a correction)
4) GMKN - 6.26%(Most likely there will be a correction)
5) YNDX - 5.31%(Most likely there will be a correction)
6) NVTK - 5.31%(Most likely there will be a correction)
7) TATN - 4.50%(There may be a lateral correction)
8) ROSN - 4.41%(Most likely there will be a correction)
Dive
Bitcoin phenomenonTechnically, a downward trend and a sharp change in direction for the price of $6k will not be. This time the story will repeat, but already in a different time interval, a sharp increase during the half year, as it was not last expected, to make the next multiple volume of purchases, we'll need the same multiple time interval.
In search of plankton
Today, at a price of $6,500 per unit, bitcoin trading volumes are declining because there is actually no one to buy it from anyone. Since its emission is limited, the spread is beyond the spread, commission over commission it flows in one "smart" hands and it becomes not interesting for the community. Moreover, in fact, most of it is already on the stock exchanges and some of them, judging by the publications, do not allow withdrawing funds even in cryptocurrency, which is nonsense for the blockchain itself and in turn not only undermines the trust of users, but also runs the risk of in justice finders. In any case, the price will fall.
The manipulators who are keen on the game should not lose sight of the fact: the more bitcoins is in one hand, the less it is interesting to others. The phenomenon of Bitcoin, in contrast to its surrogates, is that personal interest in it directly depends on the public. Whatever “news” is created, it is obvious that in the present conditions they are not able to stimulate the intentions of the real economy adherents. In order to change the situation, Bitcoin will first have to be re-distributed, decentralized for its intended purpose, or as they say now: scale until the price drops to acceptable, i.e. now, taking into adjusted for inflation, it will be somewhere in the range of $ 1-4k (depending on how quickly the measures are taken and new ideas* are voiced to improve the industry).
If you entered the cold water to the waist, then most likely you will dive. No matter how much one would like, whales just need to dive into the depths, it will be very natural, and then its ascent to the next logical summit will take 5-10 years.
Bitcoin is enough
* - Follow me for new fundamental ideas for Bitcoin
Bitcoin - Bullish Three Dive (confirmed) back to ATHHello, following bitcoins way back up from recent downtrends. Bitcoin was headed for a long correction after ATH, due to chinese and koreans it procedes faster than expected.
Still it followed the bullish three dive pattern, which will reach its goal soon enough.
Here you see the typical bullish three dive which is confirmed by following the downwards trend canal and as you can see, point A is a ~62% retracement from the first fall confirming the Bullish Three dive. Also the 1,27 diameter between , and are beeing hit!
The only rule thats not hit is that dive 3 is not as long as dive 2 since it should have hit 11k by about right now. (taking 4 day dive). Finding some support on high dives i think this rule can be neglected, but please judge for yourself!
I expect BTC to hit the fib support level of 12.000$ over the weekend and then either slow down a bit (and even fall to 11k for a short time) or go straight for following the pattern back to its recent ATH!! Best time to buy from 12000-11000.
Stoch RSI, RSI and MACD confirm still the short downtrend.