• Cryptocurrencies: 3842
  • Markets: 22521
  • Market Cap: $275960771034.57
  • 24h Vol: $88944391770.84

BTC targets $6641 – Stay away from Lower Cap Coins

Bitcoin, ETH, BCH and the rest of the top 10 will see a large increase over the next several days. Nouvive has put out a warning to stay away from the Sub Top 15

Why has Nouvive said this? 

  • It is well known in the Crypto Community that when Bitcoin and Ethereum are about to blast off, Retail & Institutional Investors start to remove their capital from coins lower than the top 15, instead putting it into BTC, ETH and BCH as a result of the hard fork.
  • This will see the rest of the market dump by less than 3-5% over the next several days as BTC decides whether to sit at $6500 or revisit $7200.
  • It is in Nouvive’s Opinion that in the next 90 Days – we will see BTC go all the way to $13,500 – therefore to take advantage of this – all retail investors will naturally remove capital from lower coins to take advantage of the arbitrage.

Where will BTC go today?

Nouvive sees a Bullish Bias of 70-30 today: 

What is the Bullish Bias:

  • Despite the RSI stochastic on all higher time frames signalling a cross-over and a reversal to the downside – there is enough positive momentum and institutional push to move BTC higher to $6641.
  • Accumulation has upticked over the past several days – especially as the market moves slightly higher than usual.
  • Institutions are moving long from a Short-neutral position – this is signalled by the week on week increases in open interests for Longs for BTC from $6300.
  • BTC has not cooled off – usually after a pump as high as seen – we would see BTC go to the 0.618 fibonacci – This isn’t the case.
  • Volume is slightly decreasing illustrating that volume and volatility is slowly being sucked out of the market to enable a move up.

Nouvive sees a trade for BTC, BCH, EOS, ETH and confirms to stay away from lower market cap coins. 

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.

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