Everyone says that now is a good entry point to buy Bitcoin and now is a small correction like before it was. But previous corrections were no more than on 40 % what was perfect for next up movement, now It made 54 % correction from 20 000 $ and I guess it is not over. Why? Looking on past price decreases we can notice that after sharp dump the immense buy volume was appeared on the dip and of course it influences on price in future. Today situation is not similar , 2 falls from 20 000 to 11 000 and from 17 000 to 9300 dont have buy volumes like before , only huge sells from the whales. And you are not right if you think that it is due to news , you only get news when whales sold needed ammount.So not to lose your money your should understand Big people's actions . For example I lost nothing on this dump because I predict market panic sell. Countinuing bitcoin's analysis , also I must say you that crossing MAs on 7d MACD shows the beginning of downtrend , you should check similar situatuin when 1d MACD crossed on 17 000 $ at first time after some monthes and after that price dumped to 9300. But is was only 1d MACD not 7d MACD like now, so dump can be more deeper. Also the trend line of 7d RSI was broke out and it is one more sign to be careful. Good luck)
Commentaire:
Are you ready ? I guess that crash started , but not everyone understand it.
Commentaire:
Commentaire:
Wait for the touching support at 8k lvl, must check volumes
