BTC - Stucked at the top - Drop/Consolidation ?

in #bitcoin4 years ago (edited)

Hello all,

We are still stucked at the top waiting for a correction :

BTCUSD.jpg

The volume is still decreasing days after days. I'm not sure that we will be able to touch immediatly the support line in orange.
However, a reversal to touch the MMA13 (Moving average of last 13 days) which is the line in green currently next to the orange line, should happen very quick.

The second scenario is a consolidation during some days which will allow us to finally touch that MMA13.

I wish you massive profits,
Cryptopassion.io

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Version française ici : [FR] BTC - Bloqué sur notre sommet - Chute/Consolidation ?

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All the signs point to the correction, but we have been with these signals for weeks and it does not stop going up and up, what are we missing?
Obviously the descent will arrive, Obviously the question is when. If after this TA, btc goes up again I propose that we do the hara-kiri en mass xDDDD

Right after the fork seems like a good time for a major correction

This is why I'm very prudent.
The correction will come for sure and will be very powerfull, but we can do some new highs just before.
In all the cases, I cannot suggest to people to buy Bitcoin now, this the goal of my publication.

i know bro, thanks for keeping us in allert mode!

I agree. The number of interest in Bitcoin is crazy. Cainbase just had 100,000 new accounts in a single day (number of total accounts registered at Coinbase is close to 12 million) so I see hot the price can still go much higher, yet I think the correction is here. I just posted two reasons for it, feel free to check it out.

Theres no fresh money coming in as everybody is over-invested but nobody drops out before the fork and maybe not at the fork either. So you have periods of sideways movements but no massive corrections. There's also some insider hints that extremely good news might happen before Christmas (or in January) which would propel BTC to new heights, and in the face of which there's just no overall reason for paranoia.

No fresh money? so how you name the 20billions that joinned the market cap in less than a week?

We would love to see it on that $10000 mark

Markets will determine which crypto is the one increasing its value and which is not. The same way that millions of $ have been pushing some of the ICO's with very small "real" value, they are pushing some of the forks up, but eventually markets will only consolidate those cryptos which have real value.

The volume is shrinking as we speak, btc has hit another ath but seems like everyone is cautious about what will happen next. I think when the correction happens, it will trigger a massive dump...soon

It's either a correction or a surge from here. We're kind of at a "holding" period for BTC.

Make sure to mentally prepare for a correction either way, however. Don't ever be surprised by a price change.

Thanks for Your News.

This trend is nowadays called " Fomo " but in tech speak " a fucking hiccup " .. say hello to $10k

Massive profits to you too! Always predicting well, thanks :D

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yess .. this moment is for to be prudent...

the point of fundamental i think is no so mucht relevant yet for bitcoin ....
In true right now is not correlationated to USD ...

but also we have to keep attencion..

thanks for you analysis..

regards

Just when you thought, bitcoin hit the top

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