Hello everyone, Trading Informer here,
So Let's do Bitcoin as everything is quite connected with it,
BAD NEWS:
Bad news first, I honestly do not think we have reached max pain yet, there hasn't been volume big enough so it would match previous dumps, however I still see a possible bounce to 38k or even 40k region,
we have successfully filled CME gap created at 36.7k region during the drop. After 38k/40k I would assume another dip to 28-31k region, if that breaks say: 'Hello, bears, enjoy your time' and 'Bye, bye bulls'
GOOD NEWS:
I think it is very possible for us to bounce from that 30k region which would be considered as bottom of this massacre, if this bounce happens, if 30k support holds you can expect altcoins to EXPLODE, I would assume Bitcoin dominance would fall sharply at that point and that Bitcoin price would rise, Bitcoin dominance down and Bitcoin price up is combination we're all looking for.
Trade safe,
None of this is a suggestion for entry, you you have to do your own research and learning.
Until next idea, Trading Informator.
P.S. if you like the idea, press that follow button
So Let's do Bitcoin as everything is quite connected with it,
BAD NEWS:
Bad news first, I honestly do not think we have reached max pain yet, there hasn't been volume big enough so it would match previous dumps, however I still see a possible bounce to 38k or even 40k region,
we have successfully filled CME gap created at 36.7k region during the drop. After 38k/40k I would assume another dip to 28-31k region, if that breaks say: 'Hello, bears, enjoy your time' and 'Bye, bye bulls'
GOOD NEWS:
I think it is very possible for us to bounce from that 30k region which would be considered as bottom of this massacre, if this bounce happens, if 30k support holds you can expect altcoins to EXPLODE, I would assume Bitcoin dominance would fall sharply at that point and that Bitcoin price would rise, Bitcoin dominance down and Bitcoin price up is combination we're all looking for.
Trade safe,
None of this is a suggestion for entry, you you have to do your own research and learning.
Until next idea, Trading Informator.
P.S. if you like the idea, press that follow button
