Bitcoin . Price analysis 27.05.2018
Greetings crypto-samurai! In this short article I would try to share with you my understanding of cryptomarket and its nearest future.
Let's start from the short term analysis.
In the last 12 hours bitcoin price made a decrease. But I am hurry up to warn you that from my point of view it is obviously a bear trap. Here is why :
During this decrease the volume of trades was small. As a result now we see a divergence of two oscillators : of MACD and relative strength index. So i consider that now we would see the new stage of price increment. And for now I would share with you with two long-term scenarios : positive and negative
Globally now price is forming a triangle which means an accumulation . So the question is where are we heading. My point of view is that now we have seen the last price derease before the bull run. Inspite of fact that Wall Street has already entered tha game and this summer we would see a govermental regulation I consider that the bull run will come very soon.
Check out this logariphmic chart. Here we can see that price really could reach 1 000 000$ . But then we would obviously see a very long bear market (about from two to 4 years)
If you like this analysis please support me by upvote and your subscribe - it would motivate me to make more analysis. If I see an interest about my work, I would share with you my two dark horses coins , which from my point of view have both fundamental and technical reasons to make you crypto-samurai in 2018. These coins would even overcome ripple this year and i have no doubt in that.Nobody would tell you, but, you might be the lucky one to check them out at least.
If you want this, please write the comment below. Hope to hear from you soon. Good luck!
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