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Excavo

BitcoinHi friends After the incredible growth of Bitcoin , there was a correction, on which we earned. I never said that I’m a guru or a king or someone else. I don't like this pathos. I’m a man who looks like you and studies the market and I will dedicate this to my whole life. By this, I’m always glad to see your comments and personal messages. In this post I will talk about Bitcoin and potential movements of the situation. We have several serious levels of support - the yellow zones I also showed two trend lines , they are also support lines from which we can continue to grow. D1 H4 I follow not only the Chart, also the activity of people and a special hype among the community is missing, I saw a great surprise and shock from this crazy growth. From the point of view of fundamental analysis , hype around Facebook and Libra pushed the price and understanding of many people that an influx of new people and new money will come to cryptocurrency. I believe in it too This is the beginning of a big bull market as I said in my post and I have a lot of arguments to market grow Psychological aspect A falling wedge was formed locally. This is a reverse figure that should work upwards, and then there are, as always, two options to continue to grow or even test the lower trend line and then start to grow
BITMEX:XBTLong
by EXCAVO
38
Bitcoin by EXCAVOParabolic bitcoin price growth this year was a trap for the "bears". The explosive rise in prices is the usual short squeeze, which was initiated by cryptocurrency exchanges and big players, while real investors are waiting for a healthy recovery to start buying again. “Short-squash, devoid of any real volumes of investors ... I am waiting for this pump, managed by the exchanges, to end, and there will be a proper recovery. I believe that only then investors will come to the market, which will begin a real bull market. Short-squash occurs when most traders open short positions (lower prices, short). In an effort to knock them out of the market, large players began to buy huge amounts of Bitcoin, raising the price, forcing the shortsists to close their positions. This price movement is usually very fast. When most of the shorts are eliminated, the short squash closes, since there is no longer any sense to keep buying. We are now at this stage: “At the level of $ 8000-9000, the majority moved from short positions to long ones. This limited the short squeeze ... Currently, the bitcoin market price has outpaced the influx of organic investors. Never before have we seen such a divergence at such an early stage of the bull market. The analysis is not pessimistic, but represents a cautious approach to the explosive growth of prices. The conclusion is that, with a probability of 95%, the bottom of Bitcoin has already been passed in the current market cycle. If you like my work, please support it by clicking the LIKE button! Thank you for your interest!
COINBASE:BTCUSDLong
by EXCAVO
30
BTC/USD done for now? I think so! 5th of 5th of 5thBTC/USD: Bitcoin really looks done imo. 5 waves counted on the 4hr TF and zooming into the 15 minute and 5 minute TF we can easily count the subwaves of the Yellow 5. breaking it up into the purple 5 waves we can see that it all checks out. going to the 5th Purple wave we can count the 5 subwaves which is always a great indication that an impulse is done. lastly, grabbing a fib extension from purple subwave 2-4 we can see that wave 5 has hit perfectly on the .618 Fib level. For now I think we can see a nice retracement but nothing is guaranteed in this market and its really dangerous to short BTC imo.
COINBASE:BTCUSDShort
by Cryptosuf
LitecoinHello everyone, Bitcoin has just reached $ 7,000 per coin and domination is 59%. According to the logic, in the near future there will be a transfusion of a part of bitcoins into other projects, in order to increase the number of bitcoins. After analyzing future events, I realized that the more likely scenario of money transfer will be LTC. There are several arguments 1. This is a Halving which will be August 6 www.litecoinblockhalf.com 2. Is this a statement by Charlie that lightcoin will be $ 1000 www.ccn.com 3. Litecoin is one of the oldest projects with a stable team to which I have and even other people of big interest.
Long
by EXCAVO
8
BitcoinHello friends What is happening with cryptocurrency number 1 It's pretty clear that after the exponential growth we are corrected :) I on the chart showed the yellow support line by combining three points. showed fibonacci levels from the first impulse, 38.2% fibonacci is a strong level and we are right on the support line. , also we have MA200. , If you look locally, Bitcoin moves in a downward corrective black channel from which we must break the resistance line and continue moving upwards. What else? Also, with the yellow support line and the maximum price, I showed a bullish triangle which we will most likely breakup to the end of the month. I hope my vision will be useful for you. Best regards EXCAVO
BITFINEX:BTCUSDLong
by EXCAVO
20