Divergence on volume vs. price trend. Seems to be a Bearish Pennant in play as well. Fundamentals may play a part. Government shut down and BAKKT launch Postponed.
I believe we will see a drop to around 3,000 range and a bounce upwards after.
A classic descending triangle formation has formed and we are approaching a 200 VWMA under cross. My target is 4000$-$5500
This chart shows great correlation with financial crisis' in the past . The unemployment rate has hit lows it hasn't seen since 1970.
I see this to line up perfectly... share your thoughts.
Market is setting up for a small breakout Or BIG SPILL. EITHER Way a CRASH is imminent . BE ready for the next US recession.
As you can see in the charts above BTC has tested Lower fib Levels on all corrections/consolidations in the past. For the growth BTC is expected to have in the future, Lower levels near $4000 seem necessary. You can even take a look at the current 1 day Graph and an uptrend from here does not seem to look right.
Its last high was in august of 2017. MEGA Pump incoming.
Hsr is being manipulated down. We have 13% to our bottom. I am Buying more Buy and hold, you wont regret it.
APPS COIN had a bull run when first released, the market stopped it. Its riding its bottom now. RSI IS moving UP.
I see BTC breaking out. Next few days will tell.....
I believe that bitcoin is going to drop near 8k levels within the next week or so. I believe these bitcoin shorts helped this correction get started and are also creating panic among new buyers. Bitcoin needs to drop more to show people that this has sustained growth which will attract an abundance of new money in the markets therefore pushing us past 25k levels...
ETC along with MONA are both going to be 2x's in MID Jan, once BTC correction is over with. I will update BTC when I believe we are close to the bottom. HUGE gains coming up in next weeks. Stay safe.