BTCUSD : CRYPTOCURRENCY MARKET ANALYSIS.
What do we have at the moment?
1.5 months of flat in the triangle in the corridor of $ 6000-6800, in which it's dangerous to trade, unnecessary actions in which there is a large proportion of probability, chance and luck, or bad luck. Well, if you go to zero with your trading BTC. The further trend is uncertain, it keeps everyone in suspense. Trading volumes decrease, hence the volatility.
From 19700-19900 the maximum level of correction reached 5800-5700, which is ~ 70% lose. For any asset during the fall of its market segment, some correction is achieved and 90% from the highest point, as some altcoins did. Therefore, there is a probability of falling to levels below $ 2000.
A good support was formed at the level of $ 6000-5800, in the case of penetration of which we can expect the next step of correction $ 4800-5000 (the level of logarithmic support). You can also consider the opposite course of events when the level of 7400 is broken through with volume and without manipulative support, as we observed recently with Tether. There are Altcoins, which showed good profits during September-October, which is a good indicator for growth. Coins are mainly at the bottom relative to their peaks and are very attractive for long-term investment. You have to be very careful here, since most of the projects are fraudulent, many simply will not survive and the strongest will remain on the market and these will be units, we have not yet seen global cleansing.
How long have you heard about the global financial crisis? Yes, more than 10 years have passed since 2008 (the average complexity of world crises is about 8 years). World indices probably finished the growth cycle and began to fall, gold on this background is growing. In general, the classic picture. The bubble should burst and begin to conquer new peaks again. What will happen to cryptocurrency at this time? Market capitalisation is small relative to other financial markets. In a panic, the bulk of people take the money invested from assets. Literate people at this time begin to invest and buy when blood flows through the streets.
Think about it all carefully, I do not agitate you to think like me, but you need to take into account the factors and draw conclusions from them. Opinions change. I really respect your support, you can express it with your like, repost, comment and subscription. Thank, good luck!
What do we have at the moment?
1.5 months of flat in the triangle in the corridor of $ 6000-6800, in which it's dangerous to trade, unnecessary actions in which there is a large proportion of probability, chance and luck, or bad luck. Well, if you go to zero with your trading BTC. The further trend is uncertain, it keeps everyone in suspense. Trading volumes decrease, hence the volatility.
From 19700-19900 the maximum level of correction reached 5800-5700, which is ~ 70% lose. For any asset during the fall of its market segment, some correction is achieved and 90% from the highest point, as some altcoins did. Therefore, there is a probability of falling to levels below $ 2000.
A good support was formed at the level of $ 6000-5800, in the case of penetration of which we can expect the next step of correction $ 4800-5000 (the level of logarithmic support). You can also consider the opposite course of events when the level of 7400 is broken through with volume and without manipulative support, as we observed recently with Tether. There are Altcoins, which showed good profits during September-October, which is a good indicator for growth. Coins are mainly at the bottom relative to their peaks and are very attractive for long-term investment. You have to be very careful here, since most of the projects are fraudulent, many simply will not survive and the strongest will remain on the market and these will be units, we have not yet seen global cleansing.
How long have you heard about the global financial crisis? Yes, more than 10 years have passed since 2008 (the average complexity of world crises is about 8 years). World indices probably finished the growth cycle and began to fall, gold on this background is growing. In general, the classic picture. The bubble should burst and begin to conquer new peaks again. What will happen to cryptocurrency at this time? Market capitalisation is small relative to other financial markets. In a panic, the bulk of people take the money invested from assets. Literate people at this time begin to invest and buy when blood flows through the streets.
Think about it all carefully, I do not agitate you to think like me, but you need to take into account the factors and draw conclusions from them. Opinions change. I really respect your support, you can express it with your like, repost, comment and subscription. Thank, good luck!
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LOG SUPPORT LINES
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With explanation of market behavior from EXCAVO
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range 6350-6485
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The price should stabilize between the exchanges, now this process is underway and I do not expect a strong upward movement.
BITSTAMP triangle
BITFINEX descending channel
BITSTAMP triangle
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Moving to the second one - 6100.
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I note the resistance level of 6400, the price is currently between the support lines and downstream channels from October 15 and October 29. Last support line ~ 6100 by Bitfinex & Binance, ~ 6000 by Bitstamp. Also, don't forget about the big triangle.
Stoch RSI has crossed moving averages by 1W chart. It's strong signal to buy, but we have time for change or approve this crossing by the end of weekly candle.
Also we have dangerous cross between MA 200 with MA 500.
In 2014
Now 2018
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Stoch RSI has crossed moving averages by 1W chart. It's strong signal to buy, but we have time for change or approve this crossing by the end of weekly candle.
In 2014
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touched resistance line
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inverted rally!
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