BTC bearish - when reversal?

387 3
I think the market has lost a lot of its enthusiasm and we may see Bitcoin entering a nuclear winter. If we start breaking resistances - we may start gaining momentum, if we don't and the damage done was too great, the recovery may be slow and painful.

If we manage to stay around the current Fib level and break the nearest resistance the outlook should be positive, if we stay under we will go further down. Even the RSI is hitting a resistance and MACD is far from positive but the reversal should come eventually - the longer term trendline should act as a pretty strong support.

评论: The current stage of BTC cycle looks an awful lot like ETH about half a year ago.

评论: Therefore I'm expecting a harvest time in the summer.
评论: The daily chart looks, well... still not good. I mean we attempted an attack on the first resistance and understandably there was a small sell off there. Now we're at a pretty neutral level and I -think- that we may attempt another attack on the resistances. I mean - we picked up nicely from the bottom and the likelihood of going so low again seems distant. Yet again we're in a descending price channel, so we're far from really bullish.

评论: Bitcoin doesn't look any different than it did in 2013/2014. And with Tether being the second Mt Gox in the making, I think I know where this is going.

Yeah, even if we break up from the current consolidation, we would have to go above at least 14 000 to break the larger downtrend. I don't see that happening yet in a sustained way. I'm not particularly concerned about tether either though, and I don't think we are heading for a year long bear market.
+1 回复
For now that looks perfect :) the price bounced from 0.5 Fibonacci and resistance line. let's see where it goes now..
+2 回复
@vi_post, yeah, and the resistance is near that level. A breakout would be a bullish signal.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出