I didn't expect it falling to new low yesterday, but now the market seems very bearish, even no fierce bouncing up yesterday after BTC hit the bottom. Now BTC is fluctuate around the bottom with limit range; the market is quite cold. My previous post said that if BTC break upper trend line of the falling wedge, it may start a bullish run; but through today's analysis, there is higher chance that BTC would break current bottom and go straight to 2950 to form a new monthly bottom. Hope I am wrong. XD
According to Bitcoin's history ,it often crashes to the area where the previous bull market occurred. More goes behind me saying that the bottom is at 1200$, but to simplify it ''History repeats itself''. This is not a financial advice , this is just for entertainment. Do your own due diligence. I am not responsible for any loses.
Listen to the counter trend expert. Bitcoin dumped, bears took a little break, consolidation, then trend continuation. Maybe it will bounce a bit right now, as people get baited as usual. But going higher than 5000 is very unlikely. Even 4500 is meh nah. People are starting to realise they got scammed by an obvious ponzi. Did a child say "the emperor is naked?", once a child says the obvious it propagates like fire. https://www.tradingview.com/x/n9z8KpxU/ The us stock market went up and that doesn't stop this ponzi from going down. Ohwww gawd down 5% while I type this ok I'll post and update later. Imagine if us indices did NOT go up 700 points ? xd TFW it is such a big scam it crashes faster than you can type it. Bitcoin is hanging on 3400$ (3400!) by its little pinky. It was "impossible that 6000$ breaks" just a couple of weeks ago LOL. Will get interested when we panic flash dump below 2000$. Can happen pretty fast so brace yourselves. Be ready. Remember... https://www.tradingview.com/x/pasASc3o/ * Using Kraken? Have orders ready much lower in case of a flash crash (like $1000 $500 $100 etc).