BITCOIN | It's even more BULLISH than you think - "BULLs Talkin"
Hey Everyone,
in our previous analysis on BITCOIN we discussed the Technical aspects of it, where the expectation was quite similar to reality we're not in a bullish run so now let's talk in dept where we find out the conclusion weather it's an actual Bullish month or not!
The BTC prices were having a tough time since the beginning of this year and investors in this market would be more pleased that the quarter has ended. a quarter were prices of this asset dropped by, around 50% and to think that the prices have dropped from the highs close of $20,000 area towards the end of lazy year where it trades below $7000 region to close the month of March, Now that's quite disappointing for the bulls, don't you think?
Now, as we can see that the bulls are going pretty tough over the last few weeks as there has not been much demand with the regulators all around the world beginning to step in to control the market. One of the main reasons for the volatility and the liquidity in BITCOIN market were the presence of the speculators who were trading and looking for some quick returns but with the advent of the regulators and taxation in many countries, we noticed that the speculators starts to leave the markets and that has reduced the overall demand
Reduction in demand was causing bitcoin prices to lower down, after-all the introduction of BTC FUTURES in many countries is also causing hifty traders to sell off the BTC (Eventually creating a bear pressure) Also, in March, we saw that it was the season of taxation in many countries and with BTC also coming under the tax ambit in several countries,
Now that the tax month is over in many countries and the end of bearish quarter the bulls considering to come back and the investors(whales) and the traders would be encouraged to buy more BITCOINs in this month of April. I've also noticed that the price of BTC ended the month of March 2017 near the $1200 region and we all know where the prices ended year at. Hence, it would not be a surprise if we see a bullish move in the BTC market in this upcoming month, despite there are some challenges to consider (even though our technicals are positive) just need a little more confirmation - a bullish leg or a breakout may be?
One of the challenge is the continued crackdown by the regulators on the crypto markets and also on the exchanges and ICOs in particular and this is likely to spook the new traders. Also,for those traders who bought BTC at the high a price are trapped in and they are unable to get out due to the lower price now. They do not want to lose their funds and hence are holding in the hope that the prices would recover back to their highs so that they can get out. It is for reasons like these that traders are out of market and the entire thing is acting like a cycle making it very difficult for the bulls to generate any sort of momentum in the short term, now that we've checked our first bullish leg period on BITCOIN in our previous analysis we're pretty sure that it's the right time to buy some BITCOINs even for a short period of time!
In this month of April, we believe that it would be a bullish month because of a strong bullish leg for the bulls to be able to draw in enough reputations to spread out throw media and cyclic chain of institution for a content buy, The technical levels that are important is in between $7712 region and $7750 region but once these 2 levels have been crossed, we should see more and more traders gaining confidence in the move and this should lead the prices to gain in a bullish pace as the trend would then begin to upfront. We do not foresee the prices falling by too much in the upcoming month and hence we're going Bullish in BITCOIN, The time is now!
have any doubts? than, let us know in the comment section below
if this analysis helped you than please give Thumbs UP +_+
Join our Telegram (link in BIO)
Source - General public Information!
in our previous analysis on BITCOIN we discussed the Technical aspects of it, where the expectation was quite similar to reality we're not in a bullish run so now let's talk in dept where we find out the conclusion weather it's an actual Bullish month or not!
The BTC prices were having a tough time since the beginning of this year and investors in this market would be more pleased that the quarter has ended. a quarter were prices of this asset dropped by, around 50% and to think that the prices have dropped from the highs close of $20,000 area towards the end of lazy year where it trades below $7000 region to close the month of March, Now that's quite disappointing for the bulls, don't you think?
Now, as we can see that the bulls are going pretty tough over the last few weeks as there has not been much demand with the regulators all around the world beginning to step in to control the market. One of the main reasons for the volatility and the liquidity in BITCOIN market were the presence of the speculators who were trading and looking for some quick returns but with the advent of the regulators and taxation in many countries, we noticed that the speculators starts to leave the markets and that has reduced the overall demand
Reduction in demand was causing bitcoin prices to lower down, after-all the introduction of BTC FUTURES in many countries is also causing hifty traders to sell off the BTC (Eventually creating a bear pressure) Also, in March, we saw that it was the season of taxation in many countries and with BTC also coming under the tax ambit in several countries,
Now that the tax month is over in many countries and the end of bearish quarter the bulls considering to come back and the investors(whales) and the traders would be encouraged to buy more BITCOINs in this month of April. I've also noticed that the price of BTC ended the month of March 2017 near the $1200 region and we all know where the prices ended year at. Hence, it would not be a surprise if we see a bullish move in the BTC market in this upcoming month, despite there are some challenges to consider (even though our technicals are positive) just need a little more confirmation - a bullish leg or a breakout may be?
One of the challenge is the continued crackdown by the regulators on the crypto markets and also on the exchanges and ICOs in particular and this is likely to spook the new traders. Also,for those traders who bought BTC at the high a price are trapped in and they are unable to get out due to the lower price now. They do not want to lose their funds and hence are holding in the hope that the prices would recover back to their highs so that they can get out. It is for reasons like these that traders are out of market and the entire thing is acting like a cycle making it very difficult for the bulls to generate any sort of momentum in the short term, now that we've checked our first bullish leg period on BITCOIN in our previous analysis we're pretty sure that it's the right time to buy some BITCOINs even for a short period of time!
In this month of April, we believe that it would be a bullish month because of a strong bullish leg for the bulls to be able to draw in enough reputations to spread out throw media and cyclic chain of institution for a content buy, The technical levels that are important is in between $7712 region and $7750 region but once these 2 levels have been crossed, we should see more and more traders gaining confidence in the move and this should lead the prices to gain in a bullish pace as the trend would then begin to upfront. We do not foresee the prices falling by too much in the upcoming month and hence we're going Bullish in BITCOIN, The time is now!
have any doubts? than, let us know in the comment section below
if this analysis helped you than please give Thumbs UP +_+
Join our Telegram (link in BIO)
Source - General public Information!
Trade ist aktiv:
The Cryptocurrencies usually performs well in the second quarter, according to historical data. Seasonal tail winds include an upcoming annual development cycle and a number of big conferences, such as Consensus in May, that usually inspire positive sentiment, Q2 is Bullish and we'll dig deep in why and how it's possible!
Kommentar:
minor corrections are compulsory at this time otherwise volatility contractions will occur, Potential reversal zone between $7K to $6900
Trade ist aktiv:
For those who were curious about our recent publish on TRON (TRXBTC)
and questioning about the abilities of Margin Trading where we double our risk size with no stops, please make a visit to claim your self down,
we made profits there meanwhile you were writing your negative comments
#patienceiskey
and sometimes you have to wait a little longer despite your running in deficit!
(KEEP HOLDING, Still Bullish on BITCOIN)
and questioning about the abilities of Margin Trading where we double our risk size with no stops, please make a visit to claim your self down,
we made profits there meanwhile you were writing your negative comments
#patienceiskey
and sometimes you have to wait a little longer despite your running in deficit!
(KEEP HOLDING, Still Bullish on BITCOIN)
