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Monday, 26 August 2019

Bitcoins: 26 August 2019, Monday

26 August 2019, Monday
(Click on Technical Chart above to Expand)
Attached is the Technicals for Bitcoins. I am conjecturing that there will be a hot money tide from China and Hong Kong rushing into Cryptocurrencies such as Bitcoins now due to outflux of Capital -- HK Dollar and Chinese Yuan. The demand for Bitcoins and Cryptos will surge in my conjecture, much against Wall Street's wishes -- an unintended consequence of Trump administration upping his antics. I am flipping my short term and mid term bearishness on bitcoins to short term and mid term bullishness on Bitcoins now, while maintaining long term bullishness for Bitcoins. In my conjecture, as long as anyone tries to dump, there will be non-stop demand to catch Bitcoins from East Asia region now.

Donovan Norfolk Technical View:
Flip from bearish to bullish on Bitcoins now.

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