Bitcoin may fall to 2K.(6K seems to be confirmed)
BITSTAMP, BTCUSD, 1D
FACTs
------------------------------------------------
1. Up trend channel support(Sep.~Nov.)
: broken(attempt to breakage : failed)
2. Middle down trend channel support(green dashed line)
: broken
3. Small down trend channel support(cyan dashed line)
: broken
4. 200 EMA
: broken
5. 250 EMA
: pierced
6. RSI
: at support line
7. MACD
: down trend
8. USDT problem
: unsolved
8. CME contract expire date of Apirl
: 27.04.18.
-------------------------------------------------
The key of this down trend is "Which level is the 'normal' for bitcoin market?"
Hyman Minsky model
FACTs
------------------------------------------------
1. Up trend channel support(Sep.~Nov.)
: broken(attempt to breakage : failed)
2. Middle down trend channel support(green dashed line)
: broken
3. Small down trend channel support(cyan dashed line)
: broken
4. 200 EMA
: broken
5. 250 EMA
: pierced
6. RSI
: at support line
7. MACD
: down trend
8. USDT problem
: unsolved
8. CME contract expire date of Apirl
: 27.04.18.
-------------------------------------------------
The key of this down trend is "Which level is the 'normal' for bitcoin market?"
Hyman Minsky model
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.