I made many posts on what happened to BTC. How BTC was artificially inflated and brought down in a structured stair-step manner as is easily seen on the chart.
On the weekly let's take a look at some key technicals:
We are trading right on the 200 DMA. It certainly appears if the 200-DMA breaks we will see sub $3000 price levels. Also, notice we are trading just below the green 200-VWMA. I found these technicals to be interesting and should be considered key levels of support and resistance.
The overall outlook for BTC is BEARISH. Volume continues to decline on the weekly. You can see how they took BTC down in a structured manner while hyping the crypto all over the internet!
I have a price projection of 3k by February 2019, I made back in November 2018. I honestly believe we could see prices in the 2k area before this Dog get's running again. I will consider buying if we get to the green line $1,900 price.
Don't forget to follow me on Twitter where I tweet crypto and global news.
Best,
Biff
On the weekly let's take a look at some key technicals:
We are trading right on the 200 DMA. It certainly appears if the 200-DMA breaks we will see sub $3000 price levels. Also, notice we are trading just below the green 200-VWMA. I found these technicals to be interesting and should be considered key levels of support and resistance.
The overall outlook for BTC is BEARISH. Volume continues to decline on the weekly. You can see how they took BTC down in a structured manner while hyping the crypto all over the internet!
I have a price projection of 3k by February 2019, I made back in November 2018. I honestly believe we could see prices in the 2k area before this Dog get's running again. I will consider buying if we get to the green line $1,900 price.
Don't forget to follow me on Twitter where I tweet crypto and global news.
Best,
Biff
