NOTE: I AM BULLISH ON BITCOIN. JUST TAKE A LOOK AT MONTHLY CHART.

HOWEVER THERE IS A LOT OF EVIDENCE SUGGESTING SHORT TERM BTC PRICE CONSOLIDATION IS VERY MUCH IN PLAY AND LIKELY.

The Bitcoin charts do not lie. I know this is not the most popular type of bitcoin technical analysis, but watch the long term movement and momentum of Bitcoin on the BTC charts. They offer 100% consistent clues.

Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative/

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Crypto Capital Venture is big on tracking bitcoin and litecoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price and Litecoin price move very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

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21 COMMENTS

  1. Dan, indicators are nothing but formulas derived from price. Nothing has to ever happen based on any indicator or collection of them. When you have a tiny supply of something that suddenly everyone wants, there is no room for anything outside of the price chart

  2. btc tops out next week, july is red month.i dont use rsi i arrived at this conclusion with a MTF price action only approach. 13500 target, 8500 target.

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