In the last 4 days, we all have seen a huge bearish imbalance in the markets.
The price of Bitcoin dropped 2315 USD within 4 days, it was confirmed by a strong bearish volume.
The sellers are definitely in charge.
There is a likelihood for the price to jump back till 8891 USD or we could have another trading range.
For me, the market looks very bearish and i expect the price to drop till 6050 USD or even lower in the coming weeks.
Many people out there speak about manipulation, what is non sense.
All they (the non professional traders) want is a rising market and a big Bull party.
But ask yourself what the big market players want ?
For us it doesn´t matter, manipulation or not. All we have to do is to follow the strong force in the market.
Be happy, we have a good opportunity to buy Bitcoin in a price level, where it probably will never be again.
The price of Bitcoin dropped 2315 USD within 4 days, it was confirmed by a strong bearish volume.
The sellers are definitely in charge.
There is a likelihood for the price to jump back till 8891 USD or we could have another trading range.
For me, the market looks very bearish and i expect the price to drop till 6050 USD or even lower in the coming weeks.
Many people out there speak about manipulation, what is non sense.
All they (the non professional traders) want is a rising market and a big Bull party.
But ask yourself what the big market players want ?
For us it doesn´t matter, manipulation or not. All we have to do is to follow the strong force in the market.
Be happy, we have a good opportunity to buy Bitcoin in a price level, where it probably will never be again.