I don't like being bearish, but when this tight back and forth range breaks, I got my money on it breaking to the downside. This is on the 15m chart, so it's not overly conseqeuntial, but at least for the short term, I see a bit more downward movement coming, probably below $20k. That's me, anyway. I am currently short.
Bitcoin will go to fifty two thousand five hundred dollars, minimum, within the timeframe shown. It just looks too perfect and planned.
In my last post "I may have to give up 5.4k" (Yellow Box on chart) I stated we were entering a 3Day block, and were likely to see a pullback. I also mentioned the very real possibility of us grinding up a bit further into the block before we headed down. That's exactly what happened. A) We ground up, touching the underside of the 3/1 on the Gann Fan I've...
Let's look at the market and see what it is showing us currently. We can see a big rising wedge has been formed and has reached a pivotal point and we might soon see due correction in price of Bitcoin. I expect the price to fall to demand area of 8050$ to 8400$ BITMEX:XBTUSD I have published a similar idea as can be seen below which suggests that market would...
i think you will understand this ( I'm still bullish on bitcoin in long term )