DATA OF BTC SHOWS A BREAKDOWN TREND :BACK TO START $9K
We have seen last time BTC stable, as we already did a breakdown of around 75% since the uptrend. depending on trend counting BTC is able to break down to the start point of 9K as the chart shows.
Whale data shows last time in high % not a DCA positions trend, and most of the holdings are becoming lower with time, what means this for BTC, and are we going to see a much lower price for BTC coming time?
This is an important question and it needs confirmation.
At this time there is no uptrend confirmed, as BTC needs first to hit above 18K.
IF BTC CAN BREAKDOWN 75% since 69K THEN IT'S NOT A HIGH DIFFERENCE TO BREAKDOWN down MORE TO START POINT of $9K.
this may be a mirror effect of previous increases in 2020 as the chart shows. if this effect happened again then its an effect we have seen more times on crypto coins.
Are we going to get the free falls, as we did get before
There is a possibility that we are going to enter into much more down volume so that new volume will enter BTC.
Most of the time when the price of BTC stays for the long term stable, the effect comes in later moments huge.
Manage always your risk at these times.
This is not trading advice, it's our view for BTC.
The words of Warren Buffett
f you offered me all the bitcoin in the world for $25, I wouldn’t take it, says Warren Buffett
And there is also users that for sure thinking BTC will hit the 100K.. time will learn
Whale data shows last time in high % not a DCA positions trend, and most of the holdings are becoming lower with time, what means this for BTC, and are we going to see a much lower price for BTC coming time?
This is an important question and it needs confirmation.
At this time there is no uptrend confirmed, as BTC needs first to hit above 18K.
IF BTC CAN BREAKDOWN 75% since 69K THEN IT'S NOT A HIGH DIFFERENCE TO BREAKDOWN down MORE TO START POINT of $9K.
this may be a mirror effect of previous increases in 2020 as the chart shows. if this effect happened again then its an effect we have seen more times on crypto coins.
Are we going to get the free falls, as we did get before
There is a possibility that we are going to enter into much more down volume so that new volume will enter BTC.
Most of the time when the price of BTC stays for the long term stable, the effect comes in later moments huge.
Manage always your risk at these times.
This is not trading advice, it's our view for BTC.
The words of Warren Buffett
f you offered me all the bitcoin in the world for $25, I wouldn’t take it, says Warren Buffett
And there is also users that for sure thinking BTC will hit the 100K.. time will learn
Comment:
Comment:
Free fall is a possibility that BTC can have coming time to target new volume points.
At this moment TA shows also that BTC is in the breakdown
At this moment TA shows also that BTC is in the breakdown
Comment:
BTC has the same view for the breakdown trend.