I started comparing the dotcom crash and 2014 crash.
If I compare it with the dotcom crash then it looks like bottom is here, if i compare it to the 2014 crash, we might have hit the bottom too... 2014 was more steeper in angle movements than 2018, the thing with 2018 crash, there is a lot of other factors this time in effect. CME on other hand has a big part in the price movement this time, which is controlling the previous steep movements, also if BTC market cap would drop below 100B CME would de-list and halt all BTC trading which would cost them billions....
I know some people here will ask, but it dropped below 100B on Sunday, my answer to that would probably be since Sunday is no trading day for CME I would consider that day as a loop hole, but we did notice BTC quickly recover.
I would love to hear other Ideas, or theories and bottom targets with good details.
If I compare it with the dotcom crash then it looks like bottom is here, if i compare it to the 2014 crash, we might have hit the bottom too... 2014 was more steeper in angle movements than 2018, the thing with 2018 crash, there is a lot of other factors this time in effect. CME on other hand has a big part in the price movement this time, which is controlling the previous steep movements, also if BTC market cap would drop below 100B CME would de-list and halt all BTC trading which would cost them billions....
I know some people here will ask, but it dropped below 100B on Sunday, my answer to that would probably be since Sunday is no trading day for CME I would consider that day as a loop hole, but we did notice BTC quickly recover.
I would love to hear other Ideas, or theories and bottom targets with good details.
Nota
Quick update Regarding CME statement: I have to apologize after researching more into the CME hi/lo limit, I found out that is the day limit, and it changes every EOD.
20% limit for hi/lo circuit breaker event limits are 7390 / 4930 for the month of June.
the 100 B limit seems like it was just rumors.
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.