Starting from January 13. th , we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800.
With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making "interconsolidation" on 6.4 inbetween, so obviously showing signs of serious weekness once again, therefore, as failing to make higher high (or at least lowe high in current situation), Bitcoin will go toward 6550 level (while continuosly rebouncing over it) and "alegedly" trying to push through 6620 and as failing to do so, it will make previous low 6400, trying to breach 6550 and as failing again sinking towards 6380 and most likely deeper while altcoins keeps on deflating. My recomendation to everyone, like everyone is leaving into USD ONLY while downtrend doesnt reach at least 6280 then 6123, so then after situation unfolds, we can make further conclusion because of accuracy.
Do not rush with buys. Stay in USD, try to make swing opportunities 6464-6550, then 6380-6456, 6280 6365 and so on. But most simple way is just staying in US dollar while Bitcoin retest and makes NEW LOWS.
Be very careful if trading under these levels. I will provide aditional information regarding the dropping levels, but this time, Bitcoin is most likely (almost certanly) goes to previous lows (6100) and falls futher in the manner 5400-5750. Therefore, your altcoins will be worth 40% less at least (becase Bitcoin deflates over dollar) for 20% and your altcoins additionaly deflates over Bitcoin for addititional value (therefore) USD output could be very low.
Dont let yourself sink with your assest.
Cashout on time (if you didn't do it so far) do it, and leave it falling.
Don't listen to market makers and influencers.
Those who brags most, does least.
Good luck to everyone and don't rebuy prematurely.
Acts very unstable.
Don't get caught off guard.
Thank you mate.
Appreciate the feedback by your end.
Hopefully you made profit.
I will post additional analysis regarding future movement.
It is sensitive.
Sentiment remains fragile.
If we grow to 6.1 and 7.2, the timeframe goes wrong...
In other words, time sensitive modifies very fast and only small numbers got correct timeframe, this is why im using these numbers multiplied, only in the lower levels. If we use in the High levels, the timeframe goes wrong. The mentality of investors is working in the lower prices, but not in the higher prices, in my opinion I think that the detentors of high amount of money try to manipulate the market selling at high levels. Just this :D
Thank you Digi.
I truly appreciate comment by your end.
We knew this scenario is about to unfold and play entirely despite being prolonged.
Yes, and you too :)