The 2 main reasons for the sharp decline for bitcoin: 1, Capital party needs year-end liquidation by withdrawing funds. 2, The shorts will use this opportunity to suck the chips.
At present, our operation strategy is: prepare bullets, wait until the panic is over, and decisively take over the mainstream currency, in which BTC should account for 50% of the funds, don't miss the opportunity.
Affected by the supervision, the banker smashed the market, the market sentiment was bearish after the market plunged, and the market will go to $7,300-$7,200.
However, the two lines were crossed on the stock RSI and DIF, DEA both are upward on MACD, based on these indicators we expect a bull trend in the short run.
In the long run, there is no more good news for the mainstream cryptos and it will go down around $7,000 at the end of this year. If you would like to be a spot trader for the long side, please wait until FEB or MAR 2020.
Rebound then short $7,600-$7,650 continue to short target 100-150 points stop loss $7,750
not recommend any buying option on the spot.
follow to receive daily cryptos analysis
At present, our operation strategy is: prepare bullets, wait until the panic is over, and decisively take over the mainstream currency, in which BTC should account for 50% of the funds, don't miss the opportunity.
Affected by the supervision, the banker smashed the market, the market sentiment was bearish after the market plunged, and the market will go to $7,300-$7,200.
However, the two lines were crossed on the stock RSI and DIF, DEA both are upward on MACD, based on these indicators we expect a bull trend in the short run.
In the long run, there is no more good news for the mainstream cryptos and it will go down around $7,000 at the end of this year. If you would like to be a spot trader for the long side, please wait until FEB or MAR 2020.
Rebound then short $7,600-$7,650 continue to short target 100-150 points stop loss $7,750
not recommend any buying option on the spot.
follow to receive daily cryptos analysis