Market gets destroyed on 8th of October, last candle left on the daily chart before the breakdown. It goes past 5000 and 4300 because of the people panicking thinking it will go to zero. It bottoms at the most obvious support 2900 and bounces off all the way up to 5444 which will be used as a resistance point and then the horror movie begins all the way down to 1300 where the institutional money is waiting. In that case I'd expect some horifying news coming out, like: Tether and Bitfinex shuts down, Bitmex exit scams etc.
Personally I don't believe this is going to happen. I'm just giving you the worst possible outcome to scare the s* out of you.
Have a good day! :)
Personally I don't believe this is going to happen. I'm just giving you the worst possible outcome to scare the s* out of you.
Have a good day! :)