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BTC big picture playbookDear Patrons, BTC made an incredible bounce from the double bottom back to the 19000 level. I think that its out of juice for now and will retest the bottom support line. If you have the will, you can always short this and set up a tight stop loss and try to ride it down. Good luck trading, currently took profits from my double bottom and this is my next move! Best of luck trading. Some men fall but they can get up, but when a leaf falls, it gets stepped on. Thefallingleaf.
BITSTAMP:BTCUSDShort
by Thefallingleaf
4
Perhaps the long-awaited consolidation of BTC has already begunThe formation of the consolidation form begins. In other words: “pause” in the trend, when market participants “gain strength” to continue it. This may be a pennant or a flag, it does not matter. It is important that this will be another confirmation of growth in the medium-term policy. If the basis of the data on possible figures, it usually happens in equal magnitude of the previous movement. From here and the resulting levels of $ 10,000 - $ 10,500. Of the minuses of this scenario, we only have a protracted consolidation (it may well last until the end of June). But again, this minus is blocked by the inevitable growth of altcoins with such a development of events. As a result, we have an absolute predominance of warm colors in the picture of the market).
by CryptoWolfsTrust
Delaying ETF does not stop BTC growthMay 21, that is, tomorrow there will be a meeting on ETF. It will be postponed as always and will hardly be able to somehow affect the BTC price reduction. Firstly, because everyone knows that they are likely to postpone it. Secondly, because during the uptrend, the "negative" news of the FA has a minimal impact on the asset price (as well as the "positive" news during the downward trend). It is possible to close the gap on CME at $ 7,180, but for further decline, more serious reasons are needed. But if a miracle happens and the ETF approves, we will see unprecedented growth to $ 10,000 - 11,000. Wait is not long.
CME:BTC1!
by CryptoWolfsTrust
Why is BTC going up yet?11% of the US population owns the main Bitcoin cryptocurrency (BTC), according to a new survey published by Blockchain Capital on April 30. The survey was conducted in six key aspects: awareness, familiarity, perception, conviction, propensity to purchase and possession. The figures have risen significantly since the same poll in October 2017 despite the “bear market” 2018. These indicators are growing and will continue to grow with the development of the infrastructure of the blockchain sphere itself around the world. Higher awareness = higher trust = more frequent use by the public = higher asset rate. With such dynamics, Bitcoin cannot fall in price in the long term (hello to HODLers). Considering other factors of long-term growth, perhaps a new “bull cycle” really begins ?!
BITSTAMP:BTCUSDLong
by CryptoWolfsTrust