WTF Bitcoin? Don’t be Scared People
BTC/USD Quick Update
If Bitcoin fails to end the week above $6,100, we will realistically see $5,800.
It is in Nouvive’s opinion that $5,800 will not hold and we will see the October and November Lows of $5,400 before bouncing back up.
HOWEVER, If such is true about Nouvive’s Recommendations, the last time we saw $5,400, we did see Bitcoin go parabolic to $20,000 – Perhaps some Good News.
As can be ilustrated the volume is far below the 90D Moving Average. Moreover, there are a lot of buys around the $4,204 Level. The same can be said of $2756.40
ETH/USD Quick Update
Ethereum is currently on life support, falling below the April lows of $358 seeing $306.
We will realistically the see the week close below $300, reaching the lows of $275, last seen in November 2017 – a Level seen before we saw Ethereum hit all time highs.
KEEP YOUR HEAD UP HIGH. MAYBE BITCOIN & ETHEREUM SHOWING THE SAME SIGNALS AS BEFORE WE HIT ALL TIME HIGHS.
Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.
Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.