Firstly! Happy New Year followers & welcome to the new decade. I promise to only bring the best content to you all.
Let's begin: With the now current breaking down of Bitcoin into the new year; this is the historical-trend:
1. 2015 (14 January) - Dump from 320$ to 150$, which is -50%
2. 2016 (16 January) - Dump from $460$ to $360$, which is -20%
3. 2017 (11 January) - Dump from $1120 to $770, which is -35%
4. 2018 (16 January) - Dump from 17500$ to $9700, which is -45%
5. 2019 (10 January) - Dump from 4000$ to $3500, which is -15%
6. 2020 (?)
In addition: Reduced demand seeing the support-break as well as the widening of SMA-8 & EMA-34. + RSI is below 25.00.
Therefore I think it's safe to say we will be seeking lower lows.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
Let's begin: With the now current breaking down of Bitcoin into the new year; this is the historical-trend:
1. 2015 (14 January) - Dump from 320$ to 150$, which is -50%
2. 2016 (16 January) - Dump from $460$ to $360$, which is -20%
3. 2017 (11 January) - Dump from $1120 to $770, which is -35%
4. 2018 (16 January) - Dump from 17500$ to $9700, which is -45%
5. 2019 (10 January) - Dump from 4000$ to $3500, which is -15%
6. 2020 (?)
In addition: Reduced demand seeing the support-break as well as the widening of SMA-8 & EMA-34. + RSI is below 25.00.
Therefore I think it's safe to say we will be seeking lower lows.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar