BTCUSD TECHNICAL ANALYSIS AND FUNDAMENTAL ANALYSIS + MVRV/NVT

2019年1月9日

TA BTCUSD
btc has failed to complete the IHAS
shown some weakness
has formed a symetrical triangle,
which indicate the continuation of the previous trend


what to do then ?
-If BTC go below 3575 : short-sell
-If BTC drop below 3150 : keep shorting

-If BTC close daily above 4600 : long
-If BTC close weekly above 4600 long 25x leverage

WHY?
BTC dropped from 6150 to 3500
formed a bottom but couldn't break 4600
so fell to a new low
tried the zone again but then drop to 3575
now in the range :
4200/3575

this is TA now let’s talk about fundamental analysis.

FA BTCUSD
1)
i’d like to talk about the MVRV signal
as you can see on the graph i sent
BTC price went under the MVRVS only a few times, and it was always at the bottom
and each time it closed above the MVRVS it started a bull-run

well, we can buy BTC under this MVRVS for sure,
each time it did went under it, it took time for it to get above it again, and it act like :
price go under the MVRVS
price test the MVRVS
get rejecteed and BTC price drop
then break it and start to bull

The BTC is actually under the MVRVS, havent tested it yet
MVRVS is actually sitting around 4577usd
it makes it a strong resistance

2)
i’d also like to talk about the NVT SIGNAL
as you can see on the graph i sent
each time the NVTS goes too high, BTC drop.
to mark a bottom the NVTS have to touch the support, but it hasent yet,
following the TA BTC have a resistance at 4620 usd
following the MVRVS BTC have a resistance at 4577
following the NTV BTC is overvalued

that might sounds bad, but, if we breaks this resistance it’ll start a bull-run, otherwise…
short is the option to make money on the way down !