In my last analysis of BTC I mentioned the possibility that we´ve had already finished the fifth wave (EW).
And the price has rosen to new highs.
So, is the analysis completely false?
I do not know the future - I´m not a prophete. So everything is possible: rising - staying - falling prices.
I can imagine that a lot of investors and speculators wanted to see if the introducing of futures on bitcoin (not physically backed) will help the price to newer highs.
Now, after CBOE and CME has introduced these derivatives this music is out. Not much impact on the course has been seen.
Volume is falling, so do MACD and RSI - from very high niveau!
Could that be the beginning of the correction?
I think the price can rise a little bit more til Xmas, perhaps we´ll see some new ATH. Relatively it wouldn´t be enormous.
Is it worth to take the risk?
I stay to my last analysis. A correction is very probable in my eyes.
Please leave a comment!
Merry christmas!
And the price has rosen to new highs.
So, is the analysis completely false?
I do not know the future - I´m not a prophete. So everything is possible: rising - staying - falling prices.
I can imagine that a lot of investors and speculators wanted to see if the introducing of futures on bitcoin (not physically backed) will help the price to newer highs.
Now, after CBOE and CME has introduced these derivatives this music is out. Not much impact on the course has been seen.
Volume is falling, so do MACD and RSI - from very high niveau!
Could that be the beginning of the correction?
I think the price can rise a little bit more til Xmas, perhaps we´ll see some new ATH. Relatively it wouldn´t be enormous.
Is it worth to take the risk?
I stay to my last analysis. A correction is very probable in my eyes.
Please leave a comment!
Merry christmas!