The cycle of BTC
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01/12/2019
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As an longterm investor who invested much earlier than most of all, I still think that btc will go up again. Before this there is a cycle that needs to be completed all the way. So lets have a look at the base trend.. There are still 2 lines below the actual value of btc. For sure the amount of people buying in is alrady growing but we all know that this whole market is based on what we call whales or maybe institutional investors. They will wait until the very end, just because they can. Wait with all kind of margin leverage until there is a clear patarn. We will see it when it's time (very long candle shadow on the weekly)



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SIMPLE!
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Bigger picture movement is a repetition of a previous move from 2016. This is not going to the moon just yet, it is establishing a bottom here. I've been through 3 crashes now and this is just a natural market cycle, bulls become bears and then bears become bulls...repeat.

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All indicators are set for a BEAR BREAK CONTINUATION. 1. Consolidation BEAR BREAK 2. Confirmed with an increasing sell volume 3. Daily uptrend lost. 4. Daily bear flag 5. Daily downtrend, price below MA and EMA 6. MACD Daily bear cross 7. Weekly inside bar Bear break 8. Inverse Head and Shoulders invalidated 9. Daily RSI cooled off for another dump below 3K

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#BTC On a monthly scale, the market does not look the best, but there are still chances of becoming more bullish, the candle may turn green if current support is strong enough. On the scale of the day, we can see the range below which we cannot go down in order to continue the bullish scenario and move to the level of 5000. On the whole, the market does not look promising and may form another wave of decline, but the current support is still coping with market pressure, so now it’s better to watch from the sidelines.

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BITFINEX:BTCUSDundefined