This is Bithumb BTC KRW. Looks like a massive monthly bear flag that wants another 50% loss. But if you zoom into the daily, and look at the monthly volume candle, just the last few days doubled all that volume from the month before. This is due to Bithumb secretly making a fiat onramp partnership with NongHyup Bank. Watching closely to see if we reverse...
If we break this bear flag, we could slowly go back up to $8000. If we stay inside, We can drop to $6000 again and alts will drop another 40%
Propy is a, no, the only blockchain that has successfully shortened the time to buy real estate from 2 weeks to 2 days. Since the USA has begun to accept blockchain records as legally admissible documents this year, you can pay for a house with bitcoin and cut out the bank. Yep. You can cut out the bank. They aren't going to like that. Anyhow, we're long on this...
This is a small move. But if you're using leverage, you're going to need it.
Everybody is using Binance now. You cant see this on the Binance charts. You gotta go way back to see this. - bitcoin-signals.org
With Ethereum being officially cleared from being a security comes the unspoken other shoe that many other coins with corporate backing and governance are securities. If that happens across top 100 marketcap coins, exchanges like Binance will not be able to serve USA or Canadian or many European clients. That will choke off volume rapidly until institutional money...
Look at the JPY chart. Lower right.
Unlike Japan only exchanges, 6 am brought more sells than buys last week on Binance.
Circle bought Polo. Coinbase dropped a 1099 bomb. Every 5am Asia Volume picks up. Lets see if it's enough. Theres no clear call here.
So last year and the year before, bitcoin made strong gains just after chinese new year. 40% in 2017. This year, not so much. At all. Zilch.
We keep making head and shoulders. Asia has already given up on bitcoin. They broke support a while ago and we are not returning to support. It's only a matter of time before western exchanges follow. bitcoin-fund-manager.com PS. the right shoulder is larger than the left. So we likely won't hit the lowest fib target. So we might end up closer to $8800. But this...
You'll get a telling perspective of bitcoin when you look at how the world reacts to shifts across peak and off peak time zones.