Hi TV's Fellas!
This is my current view for #BTCUSD on the long term:
Despite Btc has formed a potential bottom/support around 19/20K area, the real market bottom has not been reached yet.
As you can see there are still two weekly gaps(green lines) which needs to be filled before the Big Bull Run will starts again.Also, according with #BTC.D there is still a massive gap around 40 which must be filled before the crypto King will be able to take back his dominance in the crypto market.
Lastly, Total Market Cap has a gap to be filled around 680/700B and that's main reason why I can see BTC but especially majors ALT Coins reaching certain low gaps before the Big Rise.
In the next weeks I am expecting Btc to reach 29/30K before the next drop, as everyone knows massive liquidity is always needed into a market to complete important moves, despite the trend itself.
Also,for some reasons, I do expect Bitcoin forming a double bottom around 7,5/7,8k(last gap, marked with a green line) before ATH's being retested...but for know only time will tell us!
If you have any comment or idea to share please write them in the comments below, and thank you very much for reading! :)
This is my current view for #BTCUSD on the long term:
Despite Btc has formed a potential bottom/support around 19/20K area, the real market bottom has not been reached yet.
As you can see there are still two weekly gaps(green lines) which needs to be filled before the Big Bull Run will starts again.Also, according with #BTC.D there is still a massive gap around 40 which must be filled before the crypto King will be able to take back his dominance in the crypto market.
Lastly, Total Market Cap has a gap to be filled around 680/700B and that's main reason why I can see BTC but especially majors ALT Coins reaching certain low gaps before the Big Rise.
In the next weeks I am expecting Btc to reach 29/30K before the next drop, as everyone knows massive liquidity is always needed into a market to complete important moves, despite the trend itself.
Also,for some reasons, I do expect Bitcoin forming a double bottom around 7,5/7,8k(last gap, marked with a green line) before ATH's being retested...but for know only time will tell us!
If you have any comment or idea to share please write them in the comments below, and thank you very much for reading! :)