@mark_ungewitter there is no cyclical bull market. we are in a bear market where soon the next wave down will start with full force in wave 3. VIX will rally big time
@TheTradingHubb This looks rather like a 5-wave decline, now followed by a 3-wave ab-c corrective pattern. This would imply another strong decline starting soon
#BitcoinForecast: Breakout is looming. Bollinger bands most narrow. Most likely the direction of the #BTCUSD#Bitcoin Breakout is to the upside towards 30 k
For the first time in months, #BTCUSD exceeded the key moving averages with a weekly close. I see this as a first bullish signal, as long as 19 k holds. Key resistance of 25 k is broken to the upside . #BitcoinForecast#Bitcoin
Despite the short term bounce of #BTCUSD, #bitcoin has not yet broken the key moving averages. The risk for a further drop is still there, unless we see a weekly close above the trendlines, currently at 25,748 $. #bitcoinforecast
In case you would like to have more regular #BitcoinForecast#BTCUSD updates here on twitter, feel free to donate to #Bitcoin address: 12HojosxoPGaSDKAWmaP96DY5KGQKZRPmV
#BitcoinForecast: #Bitcoin prices rallied as expected to the underside of key trendlines. Rally is based on strong technicals but could still reverse from current levels in the next weeks (60/40 probability). Alternative is break out to the upside (40/60). #cryptoforecast#BTCUSD
#BitcoinForecast: I am still skeptical on the mid term trend since #BTCUSD remains below the key EMA averages, first time in 10years, despite the short term bullish action. 19 - 21 k resistance may lead to another strong decline for #Bitcoin