Bitcoin fall and further deflation of the entire market for 30%+
Updated
Bitcoin is clearly attempting to break through and make new highs and continuosly failing to do it .
Starting from January 13.th, we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800.
With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making "interconsolidation" on 6.4 inbetween, so obviously showing signs of serious weekness once again, therefore, as failing to make higher high (or at least lowe high in current situation), Bitcoin will go toward 6550 level (while continuosly rebouncing over it) and "alegedly" trying to push through 6620 and as failing to do so, it will make previous low 6400, trying to breach 6550 and as failing again sinking towards 6380 and most likely deeper while altcoins keeps on deflating. My recomendation to everyone, like everyone is leaving into USD ONLY while downtrend doesnt reach at least 6280 then 6123, so then after situation unfolds, we can make further conclusion because of accuracy.
Do not rush with buys. Stay in USD, try to make swing opportunities 6464-6550, then 6380-6456, 6280 6365 and so on. But most simple way is just staying in US dollar while Bitcoin retest and makes NEW LOWS.
Be very careful if trading under these levels. I will provide aditional information regarding the dropping levels, but this time, Bitcoin is most likely (almost certanly) goes to previous lows (6100) and falls futher in the manner 5400-5750. Therefore, your altcoins will be worth 40% less at least (becase Bitcoin deflates over dollar) for 20% and your altcoins additionaly deflates over Bitcoin for addititional value (therefore) USD output could be very low.
Dont let yourself sink with your assest.
Cashout on time (if you didn't do it so far) do it, and leave it falling.
Don't listen to market makers and influencers.
Those who brags most, does least.
Good luck to everyone and don't rebuy prematurely.
Starting from January 13.th, we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800.
With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making "interconsolidation" on 6.4 inbetween, so obviously showing signs of serious weekness once again, therefore, as failing to make higher high (or at least lowe high in current situation), Bitcoin will go toward 6550 level (while continuosly rebouncing over it) and "alegedly" trying to push through 6620 and as failing to do so, it will make previous low 6400, trying to breach 6550 and as failing again sinking towards 6380 and most likely deeper while altcoins keeps on deflating. My recomendation to everyone, like everyone is leaving into USD ONLY while downtrend doesnt reach at least 6280 then 6123, so then after situation unfolds, we can make further conclusion because of accuracy.
Do not rush with buys. Stay in USD, try to make swing opportunities 6464-6550, then 6380-6456, 6280 6365 and so on. But most simple way is just staying in US dollar while Bitcoin retest and makes NEW LOWS.
Be very careful if trading under these levels. I will provide aditional information regarding the dropping levels, but this time, Bitcoin is most likely (almost certanly) goes to previous lows (6100) and falls futher in the manner 5400-5750. Therefore, your altcoins will be worth 40% less at least (becase Bitcoin deflates over dollar) for 20% and your altcoins additionaly deflates over Bitcoin for addititional value (therefore) USD output could be very low.
Dont let yourself sink with your assest.
Cashout on time (if you didn't do it so far) do it, and leave it falling.
Don't listen to market makers and influencers.
Those who brags most, does least.
Good luck to everyone and don't rebuy prematurely.
Trade active
Current price movement on Bitcoin most likely represents false attempt (and most likely the last one) to breach 6620 level, therefore, pumped slightly over (6585) and now has additional downward momentum. I do expect increase in velocity of fall. Targets are 6380/6250/6112 and subbing most probably.Trade active
Touched 6430, did consolidation and now making move which is nothing but fake reversal. Don't bait, will stop to pump, sidewalk and continue to downtrend.Trade active
Position of Bitcoin is in position like it could make one big red candle in the moment of writting.Acts very unstable.
Don't get caught off guard.
Good luck
Trade closed: target reached
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