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UnknownUnicorn1430324
Mar 21, 2020 11:36 PM

BTCUSD Update Short

Bitcoin / DollarBitfinex

Description

If it breaks to the downside we have an aggressive downwards measured move and a more conservative one as potential targets.

Trade active

Comments
Daikokus
u should calculate the hodlers in! they won´t sell!
UnknownUnicorn1430324
@Daikokus, Yes, but hodlers also don't trade this.

From a hodlers perspective, They just buy at every level that they can buy in cheaper.
But I'm also not convinced yet that BTC will do something different than the stockmarkets. And they do not look that promising.

The best thing that can happen in the next month(s) is that BTC will make some negatively correlated moves (or not correlated at all) with the stockmarkets.

But until we really go into a recession/depression I don't think that will change anytime soon.
Protixder
expecting bitcoin before 24-03 -->
jancihak
ith 3300 I agree, but why do you think it will be 1340?
UnknownUnicorn1430324
@jancihak, Thanks for your comment.

Well, because it is also in line with this area from March 2017.

Actually we can consider it being more of an area between $1000 and $1340.

I hope I answered your question :)
jancihak
@Crypt0maniak, yea thx.
But I think it's not going to get that low because of QE, low interest rates
and higher education about cryptocurrencies. But hard to say, everything is possible.
transparent-fx
I will bre reacting and not predicting, as usual, but here is my view
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