[BTCUSD] The Reasons why "You Should not Sell" at this point!
Hello this is D.VA Trading & Investment Team.
After bitcoin breaks 6200$, the major support level, it showed amazing crash even without rebounding.
Today, we would like to focus on the possibility of V rebound thanks to the huge falling momentum.
As comparison of 2014 Giant Crash, the huge crash of 2018 shows similar pattern.
If you see the chart, the Yellow line acts as the center of the bearish movement. Until it reaches the local minimum point, the wave of bitcoin moves with the yellow line being the center.
Currently, Bitcoin is at the huge oversold position from the 3-day chart. And this is one of the striking impacts through the history.
Thus, we expect the possible bullish movement from next week.
If there is an investor who didn’t limit at the stop-loss, we recommend you to be patient and wait for the rebound to the 6000$. Otherwise, if you have extra asset, it is great place to buy long near 4000-4300$ anticipating the support of main support trend line started from 2015yr bottom.
I know this is extremely harsh to every crypto investor.
However, we would like to talk to you that this fear can be the sign of rebound, and that there should be a chance to minimize your loss.
Thank you so much for reading all this letters, and hope you do well today!^^
After bitcoin breaks 6200$, the major support level, it showed amazing crash even without rebounding.
Today, we would like to focus on the possibility of V rebound thanks to the huge falling momentum.
As comparison of 2014 Giant Crash, the huge crash of 2018 shows similar pattern.
If you see the chart, the Yellow line acts as the center of the bearish movement. Until it reaches the local minimum point, the wave of bitcoin moves with the yellow line being the center.
Currently, Bitcoin is at the huge oversold position from the 3-day chart. And this is one of the striking impacts through the history.
Thus, we expect the possible bullish movement from next week.
If there is an investor who didn’t limit at the stop-loss, we recommend you to be patient and wait for the rebound to the 6000$. Otherwise, if you have extra asset, it is great place to buy long near 4000-4300$ anticipating the support of main support trend line started from 2015yr bottom.
I know this is extremely harsh to every crypto investor.
However, we would like to talk to you that this fear can be the sign of rebound, and that there should be a chance to minimize your loss.
Thank you so much for reading all this letters, and hope you do well today!^^