Bticoin
BTC Heavy Bull ModeHello, everyone. It seems that we have entered another heavy bull run, just as i predicted earlier (you can find it in related ideas), so, lets build some analysis for the nearest future. We've reached my first target point yesterday night, so, the next one should be somewhere around 1.618 fib. Black lines on the chart is a resistance. There is a possible retracement to 3k. Then the run should continue. At the time of the retracement alts should explode, but this is another story.
I appreciate your thoughts about that, waiting for comments. Happy trading!
BTCOur preference: possible rebound with 2750,87 as objective.
Alternative scenario: the depression of 2477.93, will trigger a return on 2378.49 then 2319.29.
Comment: The RSI is under 50. The MACD is greater than its signal line and negative. The configuration is mixed. In addition, prices are under their moving averages 20 and 50, currently at 2565.81 and 2582.59.
BITCOIN HASH RATE UNDER CONTROL OF SOMEBODY-POSSIBLE EXPLANATION
Look:
1. Still continue a extraordinary rising of HASH Rate... (2.5x the normal activity, who have switched on all this mining power ???)
2. Price is decresing.. slowlly.. effect of the HASH Rate
3. Mining machine is not selled anymore, this means that a normal person can't gain from them, how have one in past take it switched off because the power is too low; at today who hash is looking at a rising price for tomorrow
All this mining power is concentrated to somebody!
=
SCENE1: if all this mining power is switched off immediatly, we can see a upper breakout directly over 1000$
SCENE2: they have power to continue increasing the HASH Rate, bitcoin continue to slowly falling, i think a good breakout level is about 3x-5x the normal HASH Rate (before NOV 2015), i think they can wait for a FIAT problem (BCE/FED) on real world before decide to switch off this manipulated HASH Rate power.
DISCALMER: This is my personal opinions and it's not intended as a advisor to buy/sell bitcoins
BITCOIN - BUY PRESSURE
Buy Pressure in bitcoin but not confirmed from the fundamental, so, it isn't going to the moon ;-)
Conservative Traders: Stay Neutral, wait confirmations..
Agressive Traders: Long for a fast trade up to the last higher price area 300-320, split position, breakeven the position and leave the last part of the trade take the rest.
