Excellent analysis in the video my friend
as we have seen many times over the past year. The 20-day exponential moving average offers resistance with a pullback, and we seem to be trying to break below $ 3500. If we do this, the market is very likely to move towards the $ 3,000 level, which is of course a large and psychologically significant number. With this in mind, however, it is very likely that we will continue to see a lot of cuts in the market, which seems to be uncoordinated most of the time. Frankly, I think the majority of the sale is due to the lack of interest at this point, not necessarily to the new sales opportunities that appear on the market.
If we are able to break above the 20 day exponential moving average, even if this is a short term bullish move, we will still have to deal with the bearish pattern of $ 4000 and then the 50 day exponential moving average on the daily closing. I think that anything between now and then may be an opportunity to sell when you make progress when you see weakness. If you are a long-term trader, you might be looking for a base closer to $ 3000 but I think if you are already holding back as a rule, you will have plenty of time to enter and there is no need to rush at this point. I expect that we will see continued lack of interest in the front.
Personally, the $1,100 level is very likely. However, this level probably won't be hit in a grinding sequence but a rather fast and quick and temporary wick.
Hi Simon,
I think the $1,100 is likely. I have tons of cash standing buy to gobble up at this level but it'll also be a quick wick so a preset buy order is what I'll be using.
Btc the cross section dominated by the last two weeks, with the market waiting for news or strong developments to expand trading volume and increase volatility
Thanks for the heads-up! Very much appreciated. I wonder though from a long-term perspective whether or not this is a time to be selling, certainly a buying opportunity awaits if this really breaks down (y). And wash out all the rest of the weak hands.
i could be understanding this incorrectly but from what i gather, a "C" wave ending in the $4500-$5000 would actually be more bearish then already being done with the 4th wave and going down for a 5th and ending that Z. Because that "C" would mean that would be wave 4 then we have a new set of 5 waves coming down for a 5th with much lower prices. correct me if im wrong.
Excellent analysis in the video my friend
as we have seen many times over the past year. The 20-day exponential moving average offers resistance with a pullback, and we seem to be trying to break below $ 3500. If we do this, the market is very likely to move towards the $ 3,000 level, which is of course a large and psychologically significant number. With this in mind, however, it is very likely that we will continue to see a lot of cuts in the market, which seems to be uncoordinated most of the time. Frankly, I think the majority of the sale is due to the lack of interest at this point, not necessarily to the new sales opportunities that appear on the market.
If we are able to break above the 20 day exponential moving average, even if this is a short term bullish move, we will still have to deal with the bearish pattern of $ 4000 and then the 50 day exponential moving average on the daily closing. I think that anything between now and then may be an opportunity to sell when you make progress when you see weakness. If you are a long-term trader, you might be looking for a base closer to $ 3000 but I think if you are already holding back as a rule, you will have plenty of time to enter and there is no need to rush at this point. I expect that we will see continued lack of interest in the front.
Personally, the $1,100 level is very likely. However, this level probably won't be hit in a grinding sequence but a rather fast and quick and temporary wick.
Thank you this is important update video about bitcoin we are really tired from it I think will be disaster if break $2800
Hi Simon,
I think the $1,100 is likely. I have tons of cash standing buy to gobble up at this level but it'll also be a quick wick so a preset buy order is what I'll be using.
Btc the cross section dominated by the last two weeks, with the market waiting for news or strong developments to expand trading volume and increase volatility
@haejin Do you think we'll be down below $3000? If that happens we will sink into a deep bloody sea.
I think the lowest will be around $1,300. People get upset when I say this.
But then the next 200 weeks will lead to six figures, IMHO.
Do you think bitcoin will break below the 200week MA for the first time ever? That would cause a longer bear and a strong resistance
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Yes. Here is why, teh cycles are pulling down very hard onteh price:
I appreciate your info. I totally agree.
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Take a look @ XVG/USD
It hasn't made a lower low since November, very strange in relation to every other alt-coin that I've analyzed.
I believe BTC is going sub $3k very soon. No coin will be able to resist this pull down.
Here is my recent youtube on Bitcoin:
Thanks for the heads-up! Very much appreciated. I wonder though from a long-term perspective whether or not this is a time to be selling, certainly a buying opportunity awaits if this really breaks down (y). And wash out all the rest of the weak hands.
My long term is 4-6 years....and at current prices, it's a steal!
From a trading perspective, its an opportunity to short.
i could be understanding this incorrectly but from what i gather, a "C" wave ending in the $4500-$5000 would actually be more bearish then already being done with the 4th wave and going down for a 5th and ending that Z. Because that "C" would mean that would be wave 4 then we have a new set of 5 waves coming down for a 5th with much lower prices. correct me if im wrong.
Yes but that C wave to that target is no longer primary.
Thanks for the update.
The another greatest analize, thank you for you commitment and professionalism