Bitcoin Flash Crash, Can we expect another one?
Last week, we had a major break out after Thanksgiving weekend. Bitcoin price reached $11,400. We then had a flash crash of 18% which brought us to $9,200 (and some exchanges had upper $8,000. The recovery was very quick, a matter of a few hours. Then a few days past and boom! ABOVE the ATH.
If history repeats itself, this breakout we just experienced yesterday and today, can we expect another 18% flash crash? If so, that would bring a buying opportunity at $10,500 to $10,900 range.
That's where I am placing my limit buy orders at. Since if a dip will come, it will be a very quick one.
Of course, with futures about to get released, its hard to know what will happen.
If history repeats itself, this breakout we just experienced yesterday and today, can we expect another 18% flash crash? If so, that would bring a buying opportunity at $10,500 to $10,900 range.
That's where I am placing my limit buy orders at. Since if a dip will come, it will be a very quick one.
Of course, with futures about to get released, its hard to know what will happen.
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.