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Information Bitcoin (BTC): the health of the withdrawal, Or the beginning of the Next downward trend? – Cryptonzy.com


Title :  Bitcoin (BTC): the health of the withdrawal, Or the beginning of the Next downward trend? – Cryptonzy.com
Lasting :   16,21
User :  Gardalkis
Date of publication :   2019-09-09
Views :   409
Liked :   631
Downloaded once :   944


Frames Bitcoin (BTC): the health of the withdrawal, Or the beginning of the Next downward trend? – Cryptonzy.com





Description Bitcoin (BTC): the health of the withdrawal, Or the beginning of the Next downward trend? – Cryptonzy.com

Bitcoin (BTC): the health of the withdrawal, Or the beginning of the Next downward trend?

Bitcoin (BTC) has started the week in red, down sharply from $8,740 a $8,356. Is in the vicinity of 8 500 $at the moment, but the accident is the fact that many analysts start talking about the next big case, or the expected downward trend. While we wait for the collision, we believe that this rally has to go to space, before the next big trend is down. The recent accident may have caught in some of the largest bears, which would probably be followed by the whales, because they run to hold and push prices over $9,000 in the near future. It is not very tempting to be a bassist at this point, but from the point of view of the bassist, simply because things go wrong, means that do not deteriorate. The daily chart for BTC/USD shows that the price for the test on the bottom of the ascent of the wedge-and is ready to rise again.

Bullish momentum had to be that the BTC/USD - $5,129 seems to be on the current level will be lost. This gives the possibility of a slow rally of $9,000 and more. The reason why we hope that the price rally past $9,000 is already a proof that the 38.2% retracement level of the previous all-time record is important to the price to confirm a trend is bullish or bearish. Along the history of Bitcoin (BTC), we saw the price in the face of rejection, in this stage the first tests in a bear market. Then, if the bear trend is over and the market is ready to begin a new cycle to test the price, 38.2% retracement fib of the ATH, and breaks with the past. Up to now, we have not had before you re-test this level in the cycle continuously. This would be the first proof of this is that, if history repeats itself, we see a strong fall to the bottom from there.

Regardless of short-term price action, the big picture remains intact, and it is very clear. The Schiff Pitchfork on the weekly chart, shows in which phase of the cycle previous BTC/USD is currently in. We can see that in the year 2014, a part of the cycle and not in the year 2015, a part of the cycle. In addition, if we blink in the year 2015, a part of the cycle, the NVT-display, to buy a signal, not a sell signal. Also, the upward trend of euphoria, as we said, as the herd is inclined. Stupid money, never the head, always the money is intelligent, that it overlaps with the new cycle of the bottom.

The smart money is going on travel in the current rally, at the bottom, just as we have all seen it, and if so, may your pockets in this too hot for the cops, you will be waiting for the next bottom. If the price of Bitcoin (BTC) as the background for the majority of retailers of cops is not pessimistic optimistic. Do not wait to the fact that the price of the rocket to the moon; on the contrary, there are broken hearts and disappointed to see that the decrease in the price of $9 000 $1 to $ 800 or lower level. When you buy a chance, do not buy, because they will be there for the celebration of the big pockets in the depth of the losses. Then the money will be clever to take the initiative and start the new cycle bullish as it has done recently.



Comments Bitcoin (BTC): the health of the withdrawal, Or the beginning of the Next downward trend? – Cryptonzy.com



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