BTC analysis on Mid Nov indicated that support for previous 6 Months has been broken (6000). There is min possibility for BTC to bounce back as indicated by Ichimaku cloud. Currently shown the bearish trend will continue further. Its been really hard season for BTC holders as optimistic view is hoping consolidation wave will turn into bull trend. On the opposite side, a lot of alt coins started to outran BTC in terms of percentage difference. EFI 13 indicators favor towards a minimum impact on bearish breakout however the volumes spike can be concluded; the highest short historically for Q2-Q4 2018.
WILL BTC fall down more? My Personally view is BTC will turn back to sleep@consolidation zone within 6000- 5000 range within months (perhaps 2-3 Months). If it break under 5000, 4000 will be new support. I categorize it as support zone, anything below 4000 we will see high possibility of it going more bearish. BTC requires whales or financial institutions to create a very fine line for bullish trend. BTC is very sentimental type of crypto currency, it is less practical in real world nowdays but act like a mothership towards others alt coins. However 2019 we will see a opposite dependency as most alt coins has started to provide more enhancement for massive adoption in real world.
Diverse and manage your risk well.
WILL BTC fall down more? My Personally view is BTC will turn back to sleep@consolidation zone within 6000- 5000 range within months (perhaps 2-3 Months). If it break under 5000, 4000 will be new support. I categorize it as support zone, anything below 4000 we will see high possibility of it going more bearish. BTC requires whales or financial institutions to create a very fine line for bullish trend. BTC is very sentimental type of crypto currency, it is less practical in real world nowdays but act like a mothership towards others alt coins. However 2019 we will see a opposite dependency as most alt coins has started to provide more enhancement for massive adoption in real world.
Diverse and manage your risk well.
