Long terme Bitcoin (GBTC) look

2019年11月1日

There is the noise and there is the chart.
On a monthly time frame bitcoin look healthy.
With a technical buy on the 20 month EMA and the 61.8 retrace fib level. and the RSI rebounding on it's bolinger channel median line.

From now on a new close higher from the last swing high (17.0197) would mean a monthly uptrend and buy proxy a new bull market on the bitcoin price.
Anything else is just speculation.

2019年11月1日

註釋

for those familiar with ICHIMOKU you can almost taste glory.
but there is also a significant risk for the CHIKOU to fall below the price (monthly). which would mean long term depreciation on the GBTC price.

2019年11月1日

註釋

Other charts, other point of reference.







the following month can and will be decisive as always in trading.

Good day to all.