Fundamental analysis

Short orders overload

There are a lot of opened order on 6200 and 5800 still.

Current movements do not make me to change my opinion. Still thinking BTC we'll go up to harvest these short positions.

Going up >7500

Going up to 7500 in a short term

Getting tired of this flat behavior.

As for me It's highly likely we will go up to 7500 to terminate short orders down at 6200 and 5800.

And my last prediction was correct. Tested 6800 low.

Going up to 7500 in a short term

BTC oversold: we are going deeper underground

Loks like BTC is oversold now. Upgoing trend has no volumes to be sold.

btc oversold

With this bullish mood it looks more like a trap to me. And I feel we are going to refresh the low in a couple of days.

Some thoughts on XBT(BTC) price on March 30, 2020

There are two things to mention on XBT(BTC) price right now.

  1. Now it’s obvious that there’s no correlation between stocks market and XBT(BTC) price — all coincidences are random.
  2. Also it’s absolutely obvious bitcoin is not a reserve currency — it’s a speculation tool and private person saving asset. And so called "whales" do not hedge theirs funds buying btc.
Stock indexes and BTC price movement comparizon