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BTC - Trend reversal? - Maybe the end of this parabolic move Hello guys,
I wanted to share my idea about the future of the crypto market.
We have had huge volume in the past few weeks. This climax is not seen on the Bitcoin charts. Maybe bc of the shared volume in all different exchanges.
There is a wisdom in trading: Volume never lies!
This not means it is over at all, but for this trend, we have a reversal.
It is time to take profit and enjoy life.
Have a good time.
Some facts about climax (source investopedia):
-A climax occurs at the end of a bull or bear market cycle and is characterized by escalated trading volume and sharp price movements.
-Climaxes are usually preceded by extreme sentiment readings, either excessive euphoria at market peaks, or excessive pessimism at market bottoms.
-Essentially, climaxes are a result of supply and demand factors.
Money and More Money On Crypto MarketHello Traders
I heard many people talking about the crypto market crash. Well, this chart alone is showing that more people investing their money into cryptocurrencies every day.
About the analysis. The chart is currently is on a big dynamic channel and has broken a triangle from above. Pullback happened, and I'm expecting alt season to come.
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What is your opinion? Comment below.
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Goodluck.
Total Market Crypto Cap - Head and shoulders + Triangle warning- Overall total market cap is not looking good right now
- We can see this head and shoulders and also the descending triangle - 2 bearish patterns!
- I expect lower prices, also as you can see, we finished our Impulse Elliott Wave
- You can profit by this crash easily, just use futures market and enter a short position - I recommend SNX coin for example
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French companies are between islam boycott, the virus and crisisThe boycott topped the Arab and Islamic countries against French products, companies ... The share of France's exports to Islamic countries is about 37-100 of the total exports.
After the strongest Islamic economies in a province, there is fear of a drop in shares of French companies (Turkey, Saudi Arabia, Indonesia, Singapore, Egypt, Morocco, Malaysia, Iran, Qatar and Kuwait uae ... The GDP of these countries is $ 5 trillion annually, and France exports to these countries $ 57 billion annually per years . There are also branches of companies. Toyota, Carrefour stores, Orange Company and the General Company Bank
The boycott is widespread on social media, Facebook, YouTube, Instagram, and hashtag. The boycott is in first place, and many Islamic stores have replaced French products with the British, local and Russian, and they were banned from trading French products.