Briefly,
Many of you out there are sitting and wondering what would be the future of crypto-currencies in these times of doubt...
Well, you shouldn't really worry unless you're a short-term investor!
I'm not saying Bitcoin price won't crash during the next period. My assumption is that it will indeed go down as the market is upside down with all the news :
(Failed) Hack of Binance, FUD from the news, government restrictions to allow the big corporate whales who missed their flight to on-board safely! They want the market as low as possible, hence all the noise about restrictions while they're all in, even completely financing ICO's (NO public/private fundraising) and engaging actively in the "bubble"
Overall View
Overall view with Trend/resistance/support lines, It looks a little messy on the overall but this shows us the major trends and resistance/supports as well as the crossings of different lines. (The thinner the line, the weaker)
Link : https://www.tradingview.com/x/QW5fNfcq/
1st Round
A more precise look into the coming period. You can see the first expectation of an equivalent-force of trend lines to be expected around April 16th where the price should be hovering around 7.2k (Blue line). This will be the first memorable fight!!
Link : https://www.tradingview.com/x/42PFrMbr/
#IF BEARS WIN The 1st Round
2nd Round
then the next round would be around the beginning of July with a price around 5k
Link : https://www.tradingview.com/x/plYWEVUQ/
Your comments are highly appreciated!
1st Update:
As expected the price has gone down and is now around 7.9k but the cap is still pointing down along this Yellow trend line
See you @ 7k
https://www.tradingview.com/x/Zkj0m40m/
2nd update:
We're approaching our target date and the big bounce that happened under Bitcoin has been well calculated by some whale to push the price up at the right moment to breakout of that descending trend
https://www.tradingview.com/x/coOmkI0Q/