BTC/USD indicator say $3000k?As can be seen on Bitcoin's monthly chart, the indicators still need to descend to the bottom, and if you draw a parallel with the beginning of the indicator and its current position, then the indicator still needs to go down by 58%, which in the price range is equal to the price of $ 3000-3100.
But we also went above this mark, which could mean either now, or catch the price of $ 5000-3000, but MACD say SHORT!
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BTC/USD <DECEMBER RALLY> $10 000 or $1700....As you know, opening and closing futures strongly influences the price of cryptocurrency, often in favor of opening! Now we are seeing good futures profits from September 4 to November 30! The following futures closed on December 28 from CME and (19 from CBOE), respectively, the award can be seen as they closed today with more than 50% profit! to get the same profit on December 28, you need to make a path of 183% to a price of $ 10,000, which will be a good end of the year! From the left it is shown how for the period from November 30 to December 28, Bitcon increased by 106% and it was at the great overheating of all indicators, which tells us about a possible repetition of this movement! If the futures of July 2 opened for a short position, we will see a price of $ 1700-2300 that we will get a lot of inexperienced traders out of trading!
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BTC/USD Big day "November 30th"A lot of events will be on November 30th, the main thing will be the closure of CME futures, as practice shows, the logging in the market before the closing itself increases! The second event, Samit G20, where they will consider the issue of cryptocurrency and their regulation! The third event is the closing of the monthly candlestick, and the possible start of a rally to one of the parties, if good news begins! If there is no news, then remember the rule to sell the price without news is easier than to raise!
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LTC/USD UpdateThe first goal has been reached, and since the price is fixed under the line of resistance, we can soon reach the next goal, but be prepared for a possible reversal which will be fast, because at that price many will want to buy as soon as they see a chance for long
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LTC/USD Find supportNow it is very likely that the price will touch 36.8-36.5, which will complete the movement in the green channel 0.5! after that, if there are no big stops, there will be a rebound, a lower probability is lower, since LTC is now far behind in terms of trading volumes!
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BTC/USD blow to holdersIn spite of the fact that many were talking about growth, we stood our ground and talked about updating the bottom, no one unexpectedly unexpectedly happened that it happened, but this is a world of cryptocurrencies, and we have seen it more than once! Always use stop loss! Now we are expecting a small flat, accompanied by a possible decline, after which a not less rapid leap up
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BTC/USD DAY ZFor cryptocurrency, the day will come soon when everything is decided!
but here are a couple of facts, most of the indicators show overbought, we are in a bearish triangle, there is no positive news for a qualitative breakdown of resistance, draw a conclusion!
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BTC/USD More bloodDespite the big news, the market remains bearish, so a big support test at $ 5400 remains quite possible.
But remember, while you are soaping your eyes with a great deal of volatility, the big players prepare the ground for themselves! which means - soon to start a big game!
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BTC/USD live or not live ?chances for life of each of the movements are very large! and most likely any of those analyzes will not work in these areas, since hamsters will randomly merge and buy, the exact movement will be drawn after the game includes large games with their bots that will begin to trade volumes
And Remember when in the news many say that you need to sell and the bubble burst, you will need to buy, just like it was in the price area of 20,000 when everyone said that bitcoin is the time to buy and then regret!
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BTC/USD__ 3 steps of cyclicityBITFINEX:BTCUSD Looking at the graph in more detail you can see a certain cyclicality, the correction goes to three steps, each of the last steps is almost 50% less than the previous one, which means that the price of $ 6000 is inevitable, and for whale reasons and even lower, since most traders exhibit stops a little below this offer, so why not take their money? But it is also very likely that this 3-cycle will be the last before the stabilization of the market for crypto-currencies, the only question is how much it will be squandered, and many whale purses at the beginning of this month were devastated, which means that there will be a rebound below 6500-6800 within the limits of these prices they bought
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BTC/ USD not today...After seeing how sluggish the market is now, you can understand that we are not so far off, since most of the time is waiting for a minimum update, and big players are still watering it with small negative news ... proceeding from the fact that in mining now they throw in a lot of money, you can to conclude that the big players are interested, and they are not ready to lose more than 700 million, which means that they have information about the fact that the market will be pamped, but first it is very sweet to buy, so it's logical to go down the hill to get the right speed before rise
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BTC/USD the last chance...BTC This week should be very eventful, in terms of news, and different events for the whales to do their job! At the moment I see two ways: first, it's still an bull trap, in which they raise the price and take away the money from the impatient ... the second, this movement under the formed resistance line to the $6900 - $6700 mark, where the battle of those who think this last mark before flight to the moon and those who are right in that we go below)
By the way, about the painful, many of the top 15, expose to 5-10 ideas per day, and through time change their mind about the movement of the market ... and it seems that they just guess which one of the ideas will go, and then they will scream about what they are exact ... it would be interesting if only one idea could be exhibited a week, how many of these tops would remain on top?
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LTCUSD finish him...The moment of truth has come! LTCUSD near its strongest support! + is the moment of the decoupling of the triangle, respectively, according to all laws of trading must be repulsed and fly up ... but should it be?
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BTCUSD start futures at 21.05 it means "down trend"?JP Morgan president Daniel Pinto, who could be in line to succeed Jamie Dimon, confirmed bank was “looking into” #Bitcoin saying #crypto “will play a role” in the future & that $JPM is able to trade $BTC futures but has not yet opted to do so.
Far cry from “Bitcoin is a fraud”
starting futures implies a drop in the market to lower levels, is it good? definitely yes! the market needs fire, a fight is needed that will push the price up, but before that the market needs to cool down as much as possible! now there is a very low interest of buyers, because there is always the possibility of two outcomes, descending to the bottom investors with a new fire in the chapters start investing in the market! + to the fact that the economic market is approaching its peak, which means another crisis is possible, which can play into the hands of the crypto currency, as large investors will want to transfer their assets!
Many people say, that the market capitalization has fallen, I'll tell you that these scam projects have disappeared from view and it was a bloated part of the capitalization.
To conclude this educational post, I will explain you what is the market? Or better to ask you what is the market cap? Current market cap is $ 405 billion. Do you really believe that there is $ 405 billion in crypto?
No, the answer is no! There is no $ 405 billion in crypto but less! Why?
I will give you an example that will prove you everything!
I launch my own coin that has 1 trillion coins in total supply and I have not got all of them so circulating supply is equal to total supply. I pay a few. I did not go through the ICO so all the coins are in my wallet. I put a sell order at $ 1 and I tell my friend to buy at that price! Just one coin. Question for you? What will be the price on the market cap? Price will be $ 1. What will be the market for this coin? The market cap will be price * ciruclating supply = $ 1 trillion. Do I have $ 1 trillion in this coin? Absolutelly not! But I have coins with estimated value of $ 1 trillion but if I start selling them someone will buy 1 coin for $ 0.0000001 and I will be holding coins that are worth few bucks! I hope you got the point!
The price does not represent the value of coin. So, 1 buyer can change price let's say 1 cent. If coin has one of the trillion, it means that 1 buyer can change the market cap for $ 10 billion?!? Tell me if that is real?
BTCUSD what to expect from the marketAs expected the BTC does not manage to find support on the identified area.. which means we're pbly about to close the week at the low, and below the previous week low... which means that bears have now restored their trend... breaking 8300 will be a signal to get to more leveraged position.
Now I expect the descent to the zone 7800-7500, after which a small rebound to the level of 8300 or movement within the zone and descent to the last support level of 6000-5800, which means that the second bottom is played and the market can start moving upwards! This is my vision of the situation ... what I see now from the analysis of other traders is that people criticize erroneous ideas, what I want to say is that all those analyzes in the crypto currency came from the Wall Street where large companies play by these rules because that market is in adjustable zone! because the Crypto currency is very volatile and not adjustable, here the pace is set by the large players "whales" who spit on your technical analysis! if they need to be purchased by 3000 and the schedule will be this contradiction, then they will just make so that you will remain with nothing ....
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