Don't know i think people were waiting for the lower low but this is strange,No buying going on really
but loads of selling, think most have sold now and the volume will stay down until there is atleast a
change in trend, or we go full on bullish..I look at it as a rubber band and it will only stretch so much
before it snaps back.
I think it will happen fast and will be unexpected when we do go bullish, if you look at the lower time frames
the trend changes we go for a break out on the top side which would indicate possible bullish momentum
then the bears/whales seem to have plenty of btc to sell and bring the price back into the downtrend.
Its crazy i think a lot of whales got there btc cheap and are holding onto it until the last moment, where they
want to sell it or just in case there is a break out and we go full bullish.
Don't worry the bulls are just sitting waiting there wanting some cheap btc what better way to do it than too let
every one sell them there btc This is why i am saying it will change and when it does it is going to be vicious
it will likely catch people off guard.
I have never seen so many macd bullish crossovers / bearish divergence /Bullish indicators looking like we are
going to change trend then we do not all looking like traps..The bears have fought a good battle this time, i
will say that my lowest i thought we would see was $7200 but we could retrace a little further once we
side step out of this downtrend triangle it will change fast ..
Felix000
⋅
Global markets impact, maybe. Also, I've been reading so much stuff out there on the internet it's hard to know what or who to believe about blockchain, bit coin, and the whole crypto complex. People say block chain USP is over hyped more expensive then centralised stuff and a joke, yet others say the next big thing. People say bit coin is over hyped and its USP can easily be liquidated by a state, and a joke, yet others again the next big thing. One thing's for sure is that whatever todays crypto liquidity represents in the financial commodity markets many including the world's most powerful computers are playing technical analysis and crypto's are the biggest prize winning game on the planet right now @chase4fun2018,
Westyk1
⋅
If you want to see what's up draw a trend line from 17th of December.
but loads of selling, think most have sold now and the volume will stay down until there is atleast a
change in trend, or we go full on bullish..I look at it as a rubber band and it will only stretch so much
before it snaps back.
I think it will happen fast and will be unexpected when we do go bullish, if you look at the lower time frames
the trend changes we go for a break out on the top side which would indicate possible bullish momentum
then the bears/whales seem to have plenty of btc to sell and bring the price back into the downtrend.
Its crazy i think a lot of whales got there btc cheap and are holding onto it until the last moment, where they
want to sell it or just in case there is a break out and we go full bullish.
Don't worry the bulls are just sitting waiting there wanting some cheap btc what better way to do it than too let
every one sell them there btc This is why i am saying it will change and when it does it is going to be vicious
it will likely catch people off guard.
I have never seen so many macd bullish crossovers / bearish divergence /Bullish indicators looking like we are
going to change trend then we do not all looking like traps..The bears have fought a good battle this time, i
will say that my lowest i thought we would see was $7200 but we could retrace a little further once we
side step out of this downtrend triangle it will change fast ..