Since the last Report, that was published before the Libra announcement, things changed, and market pushed higher.
However, we still hitting a major price juncture, and a 2.5k price dump in BTC has shown that. However, alts held reasonably well, so what happens next?
I am not sure who is buying at these levels now, but those people must have deep pockets. Regardless, the strategy from now is very simple, watch the supporting trending line, once broken - expect some consolidations before, market decided where it is heading next.
Fractal on July 23, this tells me it is possible that we be in distribution zone till late july.
No matter what you think about Crypto, the criminal activity is very real, and it is hitting the world for real.
My personal opinion on this is: Whatever the utopian future crypto is selling us, it will be very opposite if this continues and it will. Wait till government get serious about this. It does not mean, we can;t make money on it, but BE mindful, this is real now.
Understanding few key factors about BTC rally besides the FOMO and technical price action: Chinese are moving capital via crypto as their government have tightened monetary control. Also, their are having USD shortage and crypto is great source for that.
Moving on to Iran and Turkey: Financial Sanctions and fiat devaluation in those nations is pushing demand for crypto for protection.
Additionally, the FED, is signalling that they are prepared to cut rates, if and only if shit is going to hit the fan. However, even if they don;t and market continues to slowdown while our dear leader Trump renegotiates the world for love and peace through business. If Fed does decide to cut 50 basis points, get ready to head into recession in 8 month after the fact.
Anyways, back to our technical, if we experienced the bottom, then how soon will we hit 60k per BTC, and what would cause this insane prices? Let me give u a clue, NOTHING good. UNless and only UNLESS, if the BTC all of the sudden becomes something even more global.
Fascinating times are coming, welcome to the future :)
Good luck everyone ;)
**LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you, Ajion
Komen
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July 21-23 Fractal Event
Komen
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Post fractal update for entry solutions
Komen
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Potential uptrend is forming, double bottom, as per prior image
hey Mate.Awesome analyse.i never seen any analyse in this much detail.Fantastic job,I really appreciate your hard work. Ajion, what are you thinking about XRP? I have invested a lot in XRP.
Ajion
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@laddikhakh, solid long term investment, I'll do an analysis of it this week