Fundamentals shows that now is a good opportunity to buy bitcoin and go long. Signal is bullish and the price might rocket to six-digits in one year. A correction might happen to around 10k in short-term, but if you go long, it will not make too much difference.
Looks like it is a bear trap. The purple line shows the current bear trend. It is a good time to buy.
Price was heavily manipulated and we are in for a tough ride to the deep of the current bear market. The target is around $4800. The ciano lines were broken and the price is already out of the bull channel.
Market situation in light of my previous analysis. I changed the red lines to yellow, for better view. The three blue arrows I inserted now, and indicates possible volatility between the yellow and ciano lines. The ciano lines shows the tug of war between the bullish and bearish trends which started at January 2017 and December 2017, respectively. The recent lows...
We are right in the middle of the crossing of two channels, one bullish starting in January 2017, and one bearish starting in December 2017. The curves show the two tendencies.
Floors between R$11k and R$26k. The last one is the most possible, due to volume.
A more refined version of my previous chart, showing two different channels and a divergence where they meet. Volatility will be higher if the divergence expands.
Just follow the purple and green diagonal lines.
Follow the blue and yellow lines.
Yellow lines show convergence points for the volume. The floor is around 34k. Volatility is very high.
Pressure is following the red diagonal line.
As you can see, shortings are getting shorter windows, putting the price higher, due to increasing demand.
Possible bullish sign above the orange line. There will be some sideline movement first.