Personal experience tells me we are more then likely to bear trap before any significant dump. The price is more then likely to have retest 25k+ an impulsive swing up possibly before a swing down. Good Luck!
As Bitcoin goes lower there are many potential bearish reasons speculators can foresee. Do you think Bitcoin can go much lower? Bitcoin has already disrespected all major supports and has shown almost minimal signs of reversing the bear market. The potential for a long-term bear market is growing strong!
If daily candles close red we can expect a stronger probability of a continued bear trend. The price will likely take a much more extended period to recover and the bottom will be obvious, there is no strong reason to FOMO bullish just yet. Trade at your own risk.
Price can reject for a scalp. Preferred short entry 43.50.
Using Fibs as a metric I am able to identify pivot points in an unorthodox method. This can be used on any time frame but it is more consistent on higher time frames. First identify the local high and low on a structure (usually a slope shape or consolidation which is a string of slopes) Take the Fib Retracement tool and attach the 1 to the local top then attach...
Amazing parallels! Examining side by side the Dot-com bubble and Crypto. I will be Analyzing the significance of the historic asset bubble and then compare, contrast, and identify parallels between Crypto & the Dot-Com. What is the Dot-Com Bubble? The Dot-Com bubble was a bull market run that pushed the Nasdaq from under 1,000 to more than 5,000 in 5 years....