WHY you are SO HURRY?HI
I just take a another look to BTC historical data.take look to chart that made for you.
In 2013 when we start first big uptrend,it's take 11 month to make our first big ATH and started FIRST BEARISH MARKET at late days of 2013.
We ended that bear market in 651 days.finally on 2015.9.14 we started new uptrend that ended in our ATH in late days of 2017 and we enterd recent BEAR MARKET.reaching to our ATH( $20000) due uptrend that sterted in 2015.9 take 27 month.
In past 91 days we are started new bear market and everydays we saw posts on TV that claim our bear market is near to end.
Purpose of this post is that to compare our historical records and say DONT EXPECT it to BE EASY.
IT JUST A NOVICE IDEA.
Historical
Bitcoin Tumbling Down the StairsThis probably won't be a fast drop at all. More like falling down the stairs... We might pause a couple of times thinking we have stopped, only to continue to snowball down. The FUD with Binance helped exacerbate what was already on the charts and forced this down action today.
Looking at fractals from 2014 it is hard to decide if the #1 and #2 are matching up or is the 2014 #2 = 2018 #1 ?
If it is the latter then I would expect to see a bump up from our current price levels, but I am more inclined to think we are matching the #1 and #2 and the only move left is to fall down some.
Price targets will be as low as $8,000 to $7,700.
Last 3 market crashes compared"What just happened?" Is the most common question people is asking their brokers.
The answer: Nobody knows exactly. The market just crashed like in 2015, 2011 and 2010.
Here is a comparison of the latest 3 flash-crashes:
18 August 2015
1 August 2011
6 May 2010
Even while past data suggests a price bounce, bear in mind that the sell-off could continue in the next days.
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"Know what you own, and know why you own it" - Peter Lynch
Historical Resistance Levels Coming Into PlaySo I'm just gonna point out some previous resistance levels from the climb up to the ATH that are now serving as resistance on the way down. Levels #1, #2 and #3 provided some resistance on the way up while Levels #4 and #5 did so as well but were merely bumps in the road. On the trend down we've revisited the #5 and #4 levels and seem to have a clear path, meaning no historical support/resistance, all the way to Level 3 at $8142. The next levels are #2 and #1 at $7385 and $5908. I'm still a noob so hesitated to share, but something I've been told over and over is playing out, which is that previous resistance can later become support. Zooming way out and taking in the big picture, this seems to be true.
Happy trading.
XRP/BTC - IS PRICE HISTORY REPEATING ITSELF...HMMM????While the block areas are not exactly the same they are pretty close in how price action has played out.
Should we be expecting price action to continue it downward momentum to previous lows before seeing a move toward new all time highs?
Just a thought not a prediction!
29/11/2017 BTC/USD AnalysisAfter having broken the $ 10,000 level, the price reached a historic high exceeding $ 11,000, however, it had a strong drop to $ 9,000 and a subsequent recovery back to the $ 10,000 level. This situation shows the high volatility of the asset, strongly influenced by the important level of $ 10,000. www.reuters.com