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BTC (Bitcoin) Market Cycle & Q4 2019..!!
Bitcoin
BTC (Bitcoin) Market Cycle & Q4 2019..!!
Di Faibik
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9 set 2019
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8 set 2019
The Market Cycle pattern has 4 phases..
* Accumulation, where buyers emerge and defend the support.
* Mark Up/Recovery, where the peak before the sell off is recovered.
* Distribution, where the majority of buyers join in before the +50% rise.
* Mark Down/Sell off, where the price is aggressively sold after a peak. Possibly profit taking.
BTC Update..!!
- Making Bearish Triangle & Forming Lower Highs in Daily Time frame..(Descending Triangle)
- 9000-9600 is a Strong Support Region But If It's Break Down Then We Could Seen Big Crash..
Bitcoin Upcoming Events..!!
September:
Sep 23rd - Bakkt physically-delivered #Bitcoin Futures launches
October:
Oct 13th - Bitwise final ETF decision
Oct 18th - VanEck/SolidX final ETF decision
Halving 2020
BTC Dominance..!!
BTC Dominance Has continuously growing & Still Facing Strong Resistance ..
I think Dominance will Dump Hard in Coming Days..(RSI Overbought + MACD and RSI Bearish divergence)
Will History Repeat Itself??
Please, give us your opinion in the comments!
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The information given is never financial advice. Always do your own research.
9 set 2019
Nota
Another View ..!!
Bitcoin (Cryptocurrency)
BTC
BTCUSD
Chart Patterns
Technical Indicators
Trend Analysis
Faibik
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