Long terme Bitcoin (GBTC) look

1 พ.ย. 2019

There is the noise and there is the chart.
On a monthly time frame bitcoin look healthy.
With a technical buy on the 20 month EMA and the 61.8 retrace fib level. and the RSI rebounding on it's bolinger channel median line.

From now on a new close higher from the last swing high (17.0197) would mean a monthly uptrend and buy proxy a new bull market on the bitcoin price.
Anything else is just speculation.

1 พ.ย. 2019

บันทึก

for those familiar with ICHIMOKU you can almost taste glory.
but there is also a significant risk for the CHIKOU to fall below the price (monthly). which would mean long term depreciation on the GBTC price.

1 พ.ย. 2019

บันทึก

Other charts, other point of reference.







the following month can and will be decisive as always in trading.

Good day to all.