Are we anticipating the return of the Bitcoin to markets as a hide source of refuge ?
Bitcoin price analysis
A long time has passed since the inspection of the Bitcoin, but it seems that the move was expected, what about Bitcoin Price Rally we are witness last two weeks ?lets remember this :Chinese stock bubble of 2007 wiped out hundreds of billions vs Bitcoin 2017 is this the same story?
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| BTC/USD ANALYSIS |
Technical analysis and some other stuff on the Bitcoin :
Bitcoin looks like he found support at 3000$+_ price level
Important note: need to see
bitcoin cross this level - he didn't manage to cross 8600$ after last
recover and trade again near 6000 $ - lows level in last
June bitcoin traded below 6000 $ - it was expected - look on Bitcoin price 2018 vs Chinese stock bubble 2008 part 2
For short term outlook : pay attention to 7800$ price level! – closed above this level will send bitcoin above those levels could send bitcoin to 8600$
For short term outlook : pay attention to 7800$ price level! – closed above this level will send bitcoin above those levels could send bitcoin to 8600$
if we are a witness on the same move as happening in Chinese stock
the last post I mention that in the market we have 2 option :
The first one similar to 2013, second 2014 If the case is similar to 2013 then we should expect that bitcoin
would not cross up 8600+_ price level this time, while in the other hand if its
similar to 2014 then we should expect to see bitcoin going above 8600-8800 and start
a big move up to 14-15 k for my opinion
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| Bitcoin analysis |
Told you a long time ago my exception for the bitcoin
shortly: "“Chinese stock bubble of 2007 wiped out hundreds of
billions of market value
Chinese shares have tumbled more than 8% in one day in
November 2007 -Major indexes had their largest one-day drop ever
Shanghai Composite Index lost 8.5%, to 3,725.56 points.
Stocks fell across the board, with 2,247 companies falling,
leaving only 77 gainers.
More than 1,500 shares listed in Shanghai and Shenzhen dived by
their 10 percentage point daily limit, led by index heavyweights
Sudden fall wiped almost a third off the value of shares
during the course of a few weeks.
The fall was caused by rumors that the Chinese governmental
economic authorities were to introduce varying policies that would restrict
foreign investment – from capital gains tax to raising interest rates to a
clampdown on speculative trading with borrowed money”
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice
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