All right it seems what I was afraid of happened. There are two possible targets that BTC may fall down to One is 3650-3700 area. This the bottom of a longer term trend on weekly basis.(1) And other target is 3.457 target where the neckline of this head and shoulders pattern started to form. (2) My take , and wish is 3650, asI have previously stated in my pervious analysis. The market started to be a bit oversold, but markets can stay oversold for days and still stay oversold . But the market is oversold , my concern is that although it is oversold, we see continuous selling ongoing bur not turning into a nice wash out session. As we reach to that bottom wash out session, we can not find the bottom. I am still bullish , I still believe Cyrptocurrencies are here to stay, and probably we are exaggerating the FUD from China, in the end China's overall participation in overall turnover in cyrptos is %15, thats all. China could totally ban and be totally out of play, we would still have the rest of the world. I am bullish on on Cyrptos on long term, I will be looking to find some extra money to put in while we are doing this nasty correction. I am also a bit happy that, this nasty sell of throwing out , only happy when market's up type guys. Please comment what you think?
Komen
Sorry guys, made a mistake , by somehow the red trend line moved away from I originally place. :/ So it is not 3650-3.700 ---- but 3570 :( Sorry for that , working from a saved chart, somehow it moved away
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.