Long bearish scneario not visible, but always possible. If we break low, btc will be bearisch sidewards for at least 6 month, in worst case till 2020.
With a bullish point of view, BTC is currently formin the handle of and 2 year long forming CUP - So overall we should be bullish on this BitCoin!
This is not financial advice, it is just my non-professional pricechart analysis. Do not invest according to this analysis. Do your own research and ask professionals prior to investing.
I've a feeling the meeting in the SEC hearing is going to be positive and realistic.
- No more fraud exchanges like Bitconnect. All exchanges to go through due process.
- Tether banned in all American exchanges.
- Taxation in cryptos will be the same as trading in other commodities (ie. stocks and commodities)
- Minimum age in crypto trading
That sort of thing.
andrewau2014
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@hosweetim89, Totally bearish.
HorseyTim
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@andrewau2014, Short term maybe. Like when youtube changes its layout everyone hates the crap out of it, but in the end its embraced. Until they change the damn thing again.
JoaquinRodriguez
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claps
josephtse
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Excellent analysis but I think we will just continue to drift lower, and any bounces will not be greater than $10,000. Even $10,000 will be an overshoot "dead cat bounce" from the larger moving averages. Once we fail the 200dma on the daily timeframe, that becomes resistance, and I don't see us getting much above that. So 8000 is quickly becoming resistance!!! 9000 is already likely resistance.
RealMcafee
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Very convincing. Thank you!
Southborne
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Inclined to agree with your analysis. We appear to be in limbo at the moment so the next few weeks should make things clearer.
polyphonic
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Great analysis. I like that it also follows the cyclical pattern of BTC hitting alternating highs and lows near the end of quarters.
- No more fraud exchanges like Bitconnect. All exchanges to go through due process.
- Tether banned in all American exchanges.
- Taxation in cryptos will be the same as trading in other commodities (ie. stocks and commodities)
- Minimum age in crypto trading
That sort of thing.