Btc update, long and short term. Distinguishing the key factors from the noise.

I use bot fundamentals then technical analysis and i think they are just 2 different points of view of the same reality, they cause each other and it's hard to undestand which one come first.

More, i think there is a huge rumor around everything, life is so complex... So now somebody risk to miss the huge point.

Fundamentals point: BAKKT: people, Bakkt in my opinion is the biggest news after cryptos were born: it is the first regulated market which will allows institutional money to be invested in this new asset, the people behind BAKKT are people like Jeff Sprecher who is is a real important and smart man of the financial world: he owns Nyse and looks like he strongly believes in crypto, as many Wall Street traders who are waiting for this market.

TA: All tells me the cycle wave 2 has ended and now we are building the next impulse, which wills tart slow, going sideways and after in like one month, when BAKKT will start working, it will go faster, you can see the following charts in different timeframes.

An interesting thing: on a weekly tf, we had 7 Bollinger squeeze until now which all started a bullrun:
)

Good Bakkt to everybody!

Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysis gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.

Informazioni legali:
Tutte le mie analisi sono fatte per divertimento e non sono affidabili, io non posso prevedere il futuro ma semplicemente cerco di trarre indizi da vari aspetti fra cui l’analisi tecnica per immaginare il futuro andamento dei prezzi.
Questo lo faccio perché mi diverte e qualche volta mi fido delle mie analisi al punto di utilizzarle a scopo di trade, ognuno di noi deve fare le sue analisi e non basarsi mai ciecamente su quelle degli altri.
Non ho quindi nessuna responsabilità per eventuali perdite che dovessero conseguire all’utilizzo delle mie analisi e io non sono un professionista che lo faccia per lavoro.