This is a weekly chart going back to 2014 through today. When the previous trend in 2014 broke a new bottom was established followed by the slow crawl out into the next moon shot. Fast forward to now. If $6K breaks down a similar pattern my develop. A bounce off the $5K area, rejection again at $6K from underneath, then a 50% plummet to around $3K. If you study this chart for a few minutes you should be able to see the similarities and the catalyst that made it happen in the past and how a similar pattern could repeat now for the same reasons. Panic, recovery, panic, followed by the long climb out.
Nota
It looks like this chart might be back in play......Nota
Pretty darn close!Nota
It looks like Bit-Coin is in the process of creating its new bottom before making the long desert crossing into a new bull run. If this time plays out like last time the price could stay below $6k for the rest of the year. I will continue to accumulate on any major pull backs. I am officially in buy and hold mode only risking previous profits. Your mileage may vary......Nota
343 views and 8 thumbs up. lolNota
Hit the play button and be amazed. :0)Nota
I think this chart deserves a Thumbs Up! What do you think?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.