Another brilliant MARKET UPDATE

in #cryptocurrency • 6 years ago (edited)

Right now we are about to bounce up and down in a triangle and then complete inversal H&S - this is what we got from our TA based on figures and previous BTC trades. So this one is globally bullish, how about bearish one?

We still have a bearish flag on 4-hour frame and most of indicators call dump. Moreover, in previous situation with this kind of triangle we fell down. So why we accept bullish one as main?

Well, first of all BTC market changes every day and what caused dump earlier, now may cause a pump instead. Second reason is SEC decision on Friday, 10th of August, a lot of people believe in positive news so BTC may go up in next two weeks. BUT the week before SEC decision will be totally unpredictable, there will be tonns of FUD and fake news, although during July everything should be alright.

#bitcoin #crypto
6 years ago in #cryptocurrency by
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