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BTC

Bitcoin SELL Signs – Crypto Market is Overvalued

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Bitcoin (BTC) H1 CHART

Bitcoin H1 - 9 nov 2017

Bitcoin (BTC) D1 CHART

Bitcoin Daily - 9 nov 2017

Bitcoin (BTC) MN CHART

Bitcoin Monthly - 9 nov 2017

COMMENTARY

Current price: 7205.65 USD

  • BTC looks bearish below 8060 USD
  • Bitcoin price shout up 800+% in a year
  • Abnormally strong breakaway from High Period EMAs on Weekly and Monthly Charts. That might be interpreted as a strong sign of bubble formation in the market.
  • November Bitcoin “Hard Fork” wasn’t triggered cryptocurrency price breakout above 8000$ (psychological level).
  • Cryptocurrencies still have an unregulated space. A lot of fraud schemes are around World Wide Web.
  • Huge Government and Regulatory Risk inside. Nowadays due to the lack of government control, terrorists and extortionists are also utilizing the cryptocurrency space to their advantage.
  • Difficulties in cashouts of large amounts of cryptocurrencies. Not good for big Bitcoin holders and Crypto Market players.
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Hi, Friend! My name is Gran Layson. I am an experienced currency and stock trader from Europe. If you want something to be done well, do it yourself, therefore often I feel myself as “Swiss Army Knife Man”. I am the Intomillion’s website administrator, developer ... read more

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