BTC (Bitcoin) Market Cycle & Q4 2019..!!

8 Sep 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??

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The information given is never financial advice. Always do your own research.

9 Sep 2019

Catatan

Another View ..!!