As so often, the Bitcoin is crashing steeply: where might the bottom be?
I will post my opinion, if I think it's going up again, here soon.
As of yet, all I can say is, you should not try to catch a falling knife.
Take care!
I will post my opinion, if I think it's going up again, here soon.
As of yet, all I can say is, you should not try to catch a falling knife.
Take care!
Comment:
Comment:
No signs of a recovery from the major drop -11,6% ($7610->$6725) so far.
The price is merely jumping between different levels but does not go up.
drop from $7,610
-4.0% to $7,305 held for 6 hours
-1.0% to $7,235 held for 9 hours
-6.8% to $6,740 held for 29 hours
+1,3% to $6,834 held for 12 hours
-1,6% to $6,725 ...
No identifiable trend. No trade.
The price is merely jumping between different levels but does not go up.
drop from $7,610
-4.0% to $7,305 held for 6 hours
-1.0% to $7,235 held for 9 hours
-6.8% to $6,740 held for 29 hours
+1,3% to $6,834 held for 12 hours
-1,6% to $6,725 ...
No identifiable trend. No trade.
Comment:
Comment:
Comment:
Bitcoin crashing again today... Oh no... -8,5% still falling...
Anyone who sold EVERYTHING yesterday or earlier should consider themselves lucky, as the bitcoin will now go all the way down to just under $ 5,000 (we'll be there in early July).
This intermediate "bottom" just below $ 5,000 will more or less "hold" until September, or so it will seem. After that, the decline will eventually continue all the way down to $ 3000 or even just below. This *final bottom* will then hold, but there will be a long sideways "dull market" movement around the $ 3,000 mark for a very long time. The boring sideways market will last until September 2019 only then will the price rise very slowly. So the next Bull Run will start in the fall of 2019 and the bitcoin will climb approximately to 200,000 by 2022. Then I would sell everything again and wait for the next crash and bottom. That's the plan.
So far, everything has been going according to the analysis, exactly as I said weeks ago:
ibb.co/fKCRjd
ibb.co/dgQJxy
Anyone who sold EVERYTHING yesterday or earlier should consider themselves lucky, as the bitcoin will now go all the way down to just under $ 5,000 (we'll be there in early July).
This intermediate "bottom" just below $ 5,000 will more or less "hold" until September, or so it will seem. After that, the decline will eventually continue all the way down to $ 3000 or even just below. This *final bottom* will then hold, but there will be a long sideways "dull market" movement around the $ 3,000 mark for a very long time. The boring sideways market will last until September 2019 only then will the price rise very slowly. So the next Bull Run will start in the fall of 2019 and the bitcoin will climb approximately to 200,000 by 2022. Then I would sell everything again and wait for the next crash and bottom. That's the plan.
So far, everything has been going according to the analysis, exactly as I said weeks ago:
ibb.co/fKCRjd
ibb.co/dgQJxy
Comment:
drop from $7,610
-4.0% to $7,305 held for 6 hours
-1.0% to $7,235 held for 9 hours
-6.8% to $6,740 held for 25 hours... still holding but starts showing signs of weakness, it is reasonalbe to expect that this level will also break soon