BSV, Will reach the all-time high in a few weeks.
I'm thinking that the BSV has still got the energy to grow up fast.
Even Craig is Satoshi or not (thinking that he might be Satoshi more than 50%), no way to prove this argument and also this situation and the way they are building BSV is quite right on the way of the blockchain industry.
These sources(Craig and...
Sharing the Idea of BTC short-term movement.
There has been a trial in BTC, making the upper trend.
But as the aspect of mine, the experience of long-time trading crypto analyst, the pattern is usually the same.
It has a high possibility to go down for about quiet few weeks.
It already made the descending triangle.
Do not chase to buy even if BTC rise in short-term.
I have been kept talking about descending triangle and convergence.
You can see the exact descending triangle, which will make a deep fall if there are no big whales buy BTC.
It is hard to make profits just in ordinary ways.
We have to buy well-constructed cryptocurrencies (I will explain later.)
BTC just moved up to over 10,000USD support line.
It's a good signal for bulls.
But it's not the right time to ensure BTC is going to draw a one-way trend line.
The moving of BTC, I think would be like September of 2018.
Be cautious.
BTC is not moving like most of the professionals predicted.
Cryptocurrencies, stocks, futures, these kinds of assets do not move scientifically.
These prices are made from the complex decisions of individual people.
So the charts are kind of statistic data.
The more people trade, the more accurate the charts move.
BTC, which many people trade, even not...
This is the link that I explained how to have a long position and how to decide whether bull's win or not.
BTC still did not break the upper trend line that I drew before.
So we can still have positive thoughts of bitcoin moving higher.
See whether it breaks the upper trend line.
And be aware, Breaking the positive trend line would be the sign of the deep...
As we know, it's very hard to find the future movement of bitcoin. Feels like a scam when the price dramatically moves like 1000USD in few hours. But it's not a scam.
The chart sometimes gives us the answer. But can you see it?
When the whales buy stocks, futures, bitcoins, things like that, we can find out some traces and clues.
At this point, if BTC wants...
I always talk about convergence. If you look at the brown line, the convergence we had before, it ends up on the first day of August. Went straight back up to 12000USD.
You should know why convergence is so important.
When the price moves really fast and strong, you can more easily find out how the chart would move next. Because it has the power.
But when the...
Starting from yesterday BTC has fallen quite a lot. There are two main scenarios of BTC flow.
Now we are at the strong support line, so there's a high potential of BTC, bouncing back above 11000USD.
After bouncing back,
First, it can go down below 10000USD until the 9200~ 9300USD support line.
The second scenario, After bouncing back above 11000USD, breaking...
As I said yesterday, BTC is getting weaker, it fell down about -5% in 24hours.
There is another chance for Bitcoin and Altcoins.
As you can see the number1. support line which is the BTC price right now, BTC needs to support this line.
If not, the number2 support line, which is the previous bottom, won't be a strong support line again.
No bounce back up to...
In the perspective of a long position.
BTC has to support specific price 10100 USD, at least 10000 USD
If not, Bulls have to wait longer.
If BTC supports well, not breaking the specific price, major altcoins like ETH and EOS can rise up sharply.
If BTC price crashes, not supporting 10,000 USD, Bulls have to wait for quite a long time.
Yesterday, I said, "We need to be more patient."
"Wait for the edge of the convergence, which will be about 25~27th of July."
"If Bitcoin falls before the edge of the convergence, it's the signal BTC is going to fall."
Today is July 23th, BTC is already falling.
We need to get prepared for the 'Thick and long down red pole'.
If it's not the signal for the...
Don't rush to trade bitcoin until we can find out the clear trend of Bitcoin.
Wait for the edge of the convergence.
The edge of the convergence will be about at 25~27 of July.
If BTC goes down sooner, no doubt it's running out of fuel.
If BTC support typical line 10400 USD, we can continue to expect the higher price of bitcoin.
