Not Big Move Yet in Altcoinsthe thing that makes me to wait to see altcoins moon again is that i'm really bullish on bitcoin. i think bitcoin will break all resistances in 2020 and my reason is halving. i see again these patterns repeat themselves over and over again.
-see some bullish move on altcoins
-bitcoin to start to move up
-and when bitcoin moves up nothing happens to altcoins and whenever it retraces, altcoins start to bleed.
so the best scenario for altcoins is that they start to move up from here but in a low slope manner then when bitcoin reaches a new ATH then start to moon.
so the best place to put your money in these day of tension in middle east is BITCOIN i'm seeing a correlation between fundamental reasons and technical reason behind this future bitcoin rally that is about to start very soon!
War = bitcoin moon
because everybody in iran will leave country with their bags full of bitcoin and i see a price separation inside iran from dollar to rial in pricing bitcoin. let me explain
in iran bitcoin price is measured by dollar for example if USD to IRR Exchange rate is 140000 Rials and bitcoin price is 7000$ then bitcoin price here in iran will be 980000000 Rials.
but it exists with a low volume and low liquid manner. because the bitcoins existed inside of iran is very low, why i say that? i say that because 2 mounth ago we have our internet disconnected from world so all inside the country miners all shut down but nothing spectacular happened to bitcoin hashrate and also here in iran people do not have a international bank account to buy bitcoin from bitstamp or coinbase neither they are allowed to do that because of sanctions of US. so only bitcoins that exists in iran comes from domestic miners. these arguments together with high spreads in domestic crypto exchanges around 3% (yeah 3% spread!!) in iran proves me that the amount of bitcoin in control by iranians is low compared to the demand of it.
i'm predicting bitcoin price to take off in iran and get it's own way separated to USD and will be explosive.
i have read some articles about this before but they are non-sense because they look at official exchange rate of USDIRR from tradingview or anywhere else but it's not true, the thing is you can not in any means buy USD for 43000 Rials inside of iran. right now that i'm writing this idea the actual exchange rate is around 139700 Rials. so do not get confused. for anyone outside of iran it is hard to find open market price because we don't have well established markets here for currency trading. it is traditionally traded thing and the charts are not appropriate.
these things together makes me think that a bull market will be triggered soon by these tensions and my reason is fundamentally valid. and technically i see signs of it considering big rally to 14K and it's big retracement to 6.5k. now is the time to buy. don't hesitate. bitcoin will be explosive, you will wake up every day and you will see bitcoin increased 2000$ every single day! of course with retracements! i was kidding but something like that.
so to everybody inside iran i suggest to buy bitcoin right now when everybody start to buy you will not be able to load exchanges websites!
