Bitcoin forecast: Snippet From my upcoming H.A.A.P.E.R. Report - Holistic Asset Analysis Projections Esoterics & Recommendations
I am still assembling the first HAAPER Report and this is a small part of it.
Holistic Asset Analysis Projections, Esoterics & Recommendations
This is my first HAAPER Report and still ‘work in progress’, where we look at all aspects influencing Bitcoin (and thus, all other Cryptocurrency) and the projections, threats, maneuvers and possible outcomes in the coming months pertaining mainly to price action, naturally.
BASIC TA
Looking at the MA Cross indicator
We see a healthy 'Uppercut' cross currently underway which is - in short term at least - a very Bullish good sign.
The squeezing of the Bollinger Lines - called a Bollinger Squeeze can (but not always) indicate a notable coming price rise. Especially when they begin to run horizontal as they are at the moment.
Looking at the MACD
We see a very healthy Moving Average Convergence Divergence upward pointing parallel of the 26 and 12 day Moving Averages - they are quite nicely apart which normally suggests continuation of current projection - at least for the short term.
Looking at the RSI
We see a satisfactory Relative Strength Index around the middle range - it should be ideally lower at around 30 but in this instance it is really neither here nor there.
Looking at Stochastics
We see with the Stochastics oscillator, which is a momentum indicator, we see that momentum is now nearing a little off - ideally it should be on the low side but as you will see further back in this indicator widget - it does not mean automatically that we are heading down straight away when the lines are high.
Generally, for Basic Trading Analysis, indicators are generally pointing to a buy in the Short Term
At least for the 4 hour Charts - Indicators are pointing to a buy as showing and provided by TradingView.com
ESOTERIC THREATS - short term
The Financial Action Task Force (FATF) G20 financial Task Force who are positioned and tasked with formulating roadmaps and plans for governments to deal with Financial and Money issues on a macro and micro economic and social level.
They are meeting later this month to discuss how to deal with Bitcoin and the rapid growth of associated anomalies, such as ICOs - depending on the outcome of their discussion and suggestions particularly regarding large scale money laundering and terror financing - the price of Bitcoin is going to go one way or the the other sharply!
This is something to watch.
ESOTERIC POSITIVES - short term / DEEP DATA MINING - medium term
Clif Highs Web Bot Data Mining Linguistics Analysis report showed a spike in the Bitcoin price on the first few days of July - which proved to be spot on positive - and another movement positive around the 7th July.
All in all the HAAPER REPORT says buy there are still going to be high volatility events in the price of Bitcoin, but as we have seen - even the Banning of Bitcoin in India (again) lol the price has not moved much and India is a massive part of the world with 1.35 Billion people.
The fact the the banning (again) of Bitcoin in India has had little impact on the markets so far, suggests that 'weak hands' have left the market and only serious investors remain - HODLing and accumulating, albeit cautiously.
References:
https://www.ccn.com/top-10-countries-bitcoin-banned/
2015
https://uk.tradingview.com/chart/KPN3yYF8/
current
Yours Analytically
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