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Analysis Update, Enjoy the gainz ;)Hello everyone! I hope you catched the short from 24,7k, and are enjoying the gainzzzz! Here is a little update for our short: We are approaching support from 22,4k-22.6k$ level. We may bounce from there up to 23k$ before we continue the dump. There is a chance we may start a bull rally from bouncing from this support, but it is unlikely. Hold your short, take a bit of profit if you would like though! Follow me for constant high quality market updates for FREE!
Short
by MarketAnalyzerFX
Bitcoin - This actually does happen check it outHappening right now: Looking at the one-day timeframe you can see that we have stayed consistently above the 50MA if you see at least 3 candles above the 50MA that shows strength, however, this move is highly suspicious since there is so much divergence in so many indicators. We have a tremendous spike in volume while the candles are generally small. In cases like this, the best move is to not make a move. This decision is easy to make because the odds of going down are greater than the odds of going up. Why are the odds of going up lower? Because the consumer is in debt, savings are depleted and a retail trader with lots of disposable income is much needed in order for the powers that be to make their billions. When money is dry the only way you can lure consumers back is by dropping the price, so the only way BTC is going back up is by coming down in price. So what can we expect? In the next few months, we'll see small moves up, long sideway ranges, and one last drop. We have to talk about this: Check this out, this massive wick that reached to the center of the earth is called a flash crash, they start and end in less than a minute. When these flash crashes take place all other coins will flash crash as well. Does this happen often? Yes, but not that severe. How to capitalize on this? We'll talk about this at length in a future post but this is part of the severe market manipulation by exchanges. They use it to hunt stop-losses once they accumulate and you can use it to set up buy orders and make thousands in less than a minute. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
BINANCEUS:BTCUSD
by cryptoGats
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