TWO POSSIBLE SCENARIOS FOR BITCOIN NEXT! – BTC/CRYPTOCURRENCY TRADING ANALYSIS




This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space.

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27 Comments

  1. A number of large Wall Street firms including Goldman Sachs and ICE, the parent company of the New York Stock Exchange, made headlines when they announced their intention to enter the market for digital assets. Behind the headlines, large money managers, hedge funds, and endowments have also been entering the market.
    I think now is the right time to invest.

  2. The Crypto Market have prove to be a horrible investment and it looks it is on the last leg. It has been abandoned by the Market. Investors are focusing more on stocks and bonds.

  3. How did you guys think Alessio manageg to build up a trader image? I followed his videos for a while, I think his analyses on the level of a chicken. He is tall, appears in good suits, great sound quality on the videos, great verbal skills, but is it enough to create this impression? I am just asking, because I am very puzzled about it..

  4. Even seems a nice setup for going long on xrp there is one simple reason in my opinion to be hesitant: during the price swing from 8.5 to 10k sats there is a clear swing failure on rsi on many timeframes (1,4,12h) showing an obvious rsi/price bearish divergence, i wont be much surprised if xrp creates a double/triple top at 10-11k and then drop significantly

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  6. Also have to bear in mind that is the RELATIVE strength index. Because the prior daily candles (before the descending triangle breakdown) were so low in volatility, it causes a very low number on the RSI.

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