At the moment Bitcoin is in global corrective movement in relatively to impulse that is formed from December 17th 2018 to June 26th 2019 ."Rapid"
structure of this movement gives rise about the same fast continuation of the impulse.
At the moment investors' sentiment is on pessimitic points and it confirms that the movement has corrective structure that obtained its beginning on 26st June 2019 and lasts till now.
We think that proving points need to be expected in order to forme long positions in Bitcoin.In case of high variability in correction waves the prediction seems impossible in this strucute.
Now you can highlight the diagonal resistance that is formed by the peaks 13728,13186 and 12320 .This resistance will be core for the coin.If price go
under 9000, the situation needs to be observed in development.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
These coins are highly correlated with bitcoin. in our opinion they are in the final phase of the correction movement,
in the future we will consider each instrument separately when prerequisites for the purchase will be formed.
structure of this movement gives rise about the same fast continuation of the impulse.
At the moment investors' sentiment is on pessimitic points and it confirms that the movement has corrective structure that obtained its beginning on 26st June 2019 and lasts till now.
We think that proving points need to be expected in order to forme long positions in Bitcoin.In case of high variability in correction waves the prediction seems impossible in this strucute.
Now you can highlight the diagonal resistance that is formed by the peaks 13728,13186 and 12320 .This resistance will be core for the coin.If price go
under 9000, the situation needs to be observed in development.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
These coins are highly correlated with bitcoin. in our opinion they are in the final phase of the correction movement,
in the future we will consider each instrument separately when prerequisites for the purchase will be formed.