They're planning to do short squeeze. Be careful! Hold your coins and Protect your money. Good luck.
Protect your money. Good luck.
As a trader we all know that our profit is about risk control. Here is my worst-case scenario in few months coming. I hope this is not going to happen, but if it is, then I will know what to do.
First drop to 6K, then bounce back to 7K. Second drop to 4K, then bounce back a little bit to 5K After that we're heading to 2k-1K range. Protect your money and good luck everyone.
ETH may have to go back to test this level before it takes off up the upside. Because all the people who were sitting at this level waiting for the price coming back down to $83-$100 have missed the boat. Now they may have a second chance to get on. Protect your money and good luck.
When we see the huge volumes, that mean we are either close to the top or the bottom. I don't see any huge volume now, so we are not bottom yet.
What happened in 2015, it could happen again in the present day. Let me draw the whole picture of BTC from now to December 2019.
Does it look like what is happening now? You tell me. Get ready to go down to 1.5K! Protect your money and good luck.
All the whales who bought BTC from $3.2 - $4.2 just took profits. The whales bought BTC from $4.2. What happened to them? When do they take profit? You go figure buddy! :) ......... Protect your risk and good luck everyone.
Let's step back and take a look the whole picture. Shall we? People setup the short positions at point 2 because the divergence in RSI. The price hit a point 3 where their stop losses were. That caused a big green candle right after that. When it reached to 8K, people went long from 4K, shorted the price. That caused the price dropped 20%. What may happen next?...
BTC is forming an sending triangle. Good luck!