Bitcoin — will the collapse continue? From $12000 to $9000
Why?
Bitcoin — will the collapse continue? From $12000 to $9000
1) Bitcoin CME Futures
We have one Gap from $8500 - $9000
in 95% of cases, the market usually covers such gaps with the shadow of a candle or the body of a candle.
2) FOMO right now is maximum and EXTREME GREED
Bitfinex Longs and Shorts:
Longs = 82.70%
Shorts = 17.30%
when you see such a picture the market usually goes against the majority!
3) Fear & Greed Index - 62 right now
Yesterday = 83 (Extreme Greed)
4) Launch Binance Margin 2.0 (x3 Leverage)
People buy or buyed right now Bitcoin and after that can close marginal long positions.
5) China Hang Seng Index (Chart Like Bitcoin) ;)
I do not recommend using marginal positions !!! The best solution is to wait for the fall of Bitcoin or buy altcoins!!!
Bitcoin — will the collapse continue? From $12000 to $9000
1) Bitcoin CME Futures
We have one Gap from $8500 - $9000
in 95% of cases, the market usually covers such gaps with the shadow of a candle or the body of a candle.
2) FOMO right now is maximum and EXTREME GREED
Bitfinex Longs and Shorts:
Longs = 82.70%
Shorts = 17.30%
when you see such a picture the market usually goes against the majority!
3) Fear & Greed Index - 62 right now
Yesterday = 83 (Extreme Greed)
4) Launch Binance Margin 2.0 (x3 Leverage)
People buy or buyed right now Bitcoin and after that can close marginal long positions.
5) China Hang Seng Index (Chart Like Bitcoin) ;)
I do not recommend using marginal positions !!! The best solution is to wait for the fall of Bitcoin or buy altcoins!!!
Trade active:
Comment:
Possible correction to $11300-$11500 and after that down..
Comment: