It seems we are seeing a repeat of the May-June period.
When Bitcoin moves sideways at a high price, the altcoins market tends to blow up. This is exactly what we are about to see and what we have been seeing for months.
Bitcoin is growing, the altcoins are growing; everything is about to speed up. We will see a strong influx of capital into the market and we will see some major positive developments.
Why Bitcoin bearish?
Because you are focusing on the really short-term. There is nothing bearish about this chart or Bitcoin if we focus on the bigger picture, only the short-term shows potential for lower and this lower would be part of consolidation before additional growth as mentioned before.
Notice how Bitcoin is safely trading above EMA89 (blue) and MA200 (black). Then notice how the trading volume in the last two days is not as high as 15 and 25 July. This much selling yet prices remaining stable and even rising afterward is a major signal of strength. In short, all selling is being bought; the demand for Bitcoin is just too strong.
With a very strong demand for our beloved Bitcoin what do you think will happen next?
The market will continue growing.
There are always less and less Bitcoins always, it is a deflationary currency; it is built into the system so that the crypto-currency appreciates overtime. This system has been shown to work and Bitcoin is going up.
We are seeing the effect of months and months of positive news and developments and we have not seen it all. There is more to come.
Thanks for your support.
If you enjoy the content, you can always choose to follow.
Namaste.
When Bitcoin moves sideways at a high price, the altcoins market tends to blow up. This is exactly what we are about to see and what we have been seeing for months.
Bitcoin is growing, the altcoins are growing; everything is about to speed up. We will see a strong influx of capital into the market and we will see some major positive developments.
Why Bitcoin bearish?
Because you are focusing on the really short-term. There is nothing bearish about this chart or Bitcoin if we focus on the bigger picture, only the short-term shows potential for lower and this lower would be part of consolidation before additional growth as mentioned before.
Notice how Bitcoin is safely trading above EMA89 (blue) and MA200 (black). Then notice how the trading volume in the last two days is not as high as 15 and 25 July. This much selling yet prices remaining stable and even rising afterward is a major signal of strength. In short, all selling is being bought; the demand for Bitcoin is just too strong.
With a very strong demand for our beloved Bitcoin what do you think will happen next?
The market will continue growing.
There are always less and less Bitcoins always, it is a deflationary currency; it is built into the system so that the crypto-currency appreciates overtime. This system has been shown to work and Bitcoin is going up.
We are seeing the effect of months and months of positive news and developments and we have not seen it all. There is more to come.
Thanks for your support.
If you enjoy the content, you can always choose to follow.
Namaste.
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🚨 TOP FREE Trades
ETH +2050% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +580% · SOL +687%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6681
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +2050% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +580% · SOL +687%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6681
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.