I have to point out I’m not either a bear or a bull. Well, yes. I’m a bear now because I’ve done my homework and I know it goes down. But when it touches the bottom, I’ll be bull. So avoid saying I’m a bear and so, I’m biased.
It’s just an opinion. I’m not responsible of your actions.
That said, have a good time and be cautious. :)
Also, there will be a big pump before touching 2.6k, and it doesn’t mean BTC will have touched the bottom yet.
Again, be cautious and I’m not responsible of anything if someone decides to follow my TA.
Gravity will keep pushing BTC down, since RSI has risen up aggressively. It means manipulation.
News from professionals say we have to prepare for BTC to go under 5000 dollars.
MAs act like magnets, and the price went too far from these magnets, what makes me think it will go to these levels.
An how can I imagine it?
See 2014 and 2018 chart and see the similarities.
And well, we can go there, yes. Wave 5 is 123% retracement of wave 1. This is so possible that ETH did it in 2017, and BTC did it in 2014.
You could have billions of people in a market, but if they mostly sell or short then price still goes down. So you can have high volume but lower prices.
Sentiment matters, but that's also one piece.