GAP to be filled at 7600 then likely another rally into the high 9ks. After, the dump will continue to 5ks again
Short term bearish 7400, expecting a final drop to 3-4k again by end of the month and then a snap back into the halving to ATH by summer
1. Everyone is banging on about DCEP, Its not crypto in any shape or form, its just Government Money which = total control of your assets. However, Its incredibly bullish for Bitcoin in the longer term. When people wake up in China to the fact that their money is monitored they will flock to BTC in a big way! 2. Short term in a descending triangle, intemediate...
People have become so euphoric in this market, this isnt a bull run and wasnt from the start of 2019, just merely a bounce from the low before heading back to normality of 5-6k
4hr looks bearish again we will see if 9.6k can hold looking like 8k is imminent
DOES THIS GAP NEED FILLING STATISTICALLY SPEAKING IT IS POSSIBLE BUT WOULDNT BET TOO MUCH ON THAT HAPPENING, IF IT DOES THOUGH DONT BE SUPRISED
CONTINUATION TO 15K OR A BIG CORRECTION TO 8-9K GAP FILL? YOUR THOUGHTS
EVERY TIME EVERYONE GETS BULLISH WE DUMP BIG AND VICE VERSA. NEXT STOP 10600 FOR BTC,
SO FAR RETESTING OLD RESISTANCE LEVELS SHOWING STRONG CONVICTION THAT THE NEXT TARGETS ARE AROUND 65 DOLLARS AND THEN EVEN 100 DOLLAR TERRITORY IF this upwards correction continues. -EXERCISING CAUTION TEMPORARILY, Im waiting for a pullback around 46-44 dollars as intermediary supports and then 39-40 dollars if those supports are broken. On the bear side if 39...
1. looking at the chart in the long term i say that we are turning very bullish, if this plays out the way i think it will, we could well see ETH at 4-5K in 3-4 years time. I dont think its wise to look for perfect bottoms. I see a lot of 2900dollar BTC flying around, and sub 2K.
1. I have stressed that China as a developing country needs to be in your portfolio! 2. Chinese stocks have been off the radar for a long time, and now it is the time to accumulate. PE ratios are very low, and entry points are very attractive at these price levels. 3. The housing market in China has been on a non stop rally, but I am out of the housing market...
1. Follow the volume 50 dollars looks like a safe long term bet!!
1. Target long term buy and hold 2500 dollars +- 20%, BTC is searching for buyers, until we reach those support lines we will continue to fall below 3K.
1. Not much to say here apart from BTC pretty dead at the moment, despite its attempts to manipulate the price towards 7800. I think we will see one more dip before we can go long on bitcoin my targets are 6700dollars. We need momentum confirmation to be really sure about that though first.