over the past few eeks weve seen the price of bitcoin dump, go sideways, and pump. i dont think that weve seen the bottom of crypto due to many things:
trend:
as we can see on the chart, we are in a downtrend and we are currently rejecting of a strong trentline. this trendline could be one of the causes that price ends up crashing again.
we can also see that price is doing the same patterns that caused price to crash (sideways movement/pump pattern)
crash rings: like previous posts ive posted, you can see these "crash rings", these crash rings have predicted every bitcoin crash in recent months. right now we have touched the crash ring which is another reason why we will dump.
this will be one of the last crash rings (short term) so i think that this next crash will be the last crash we see.
time zones:
you may notice several vertical yellow lines on the chart, these lines are called fib time zones. these timezones help predict big moves in price.
as you can see, everytime we cross, we get a big move (mostly a crash), and a few hours ago we did cross the next time zone which means we could be days away from the last crash.
trend:
as we can see on the chart, we are in a downtrend and we are currently rejecting of a strong trentline. this trendline could be one of the causes that price ends up crashing again.
we can also see that price is doing the same patterns that caused price to crash (sideways movement/pump pattern)
crash rings: like previous posts ive posted, you can see these "crash rings", these crash rings have predicted every bitcoin crash in recent months. right now we have touched the crash ring which is another reason why we will dump.
this will be one of the last crash rings (short term) so i think that this next crash will be the last crash we see.
time zones:
you may notice several vertical yellow lines on the chart, these lines are called fib time zones. these timezones help predict big moves in price.
as you can see, everytime we cross, we get a big move (mostly a crash), and a few hours ago we did cross the next time zone which means we could be days away from the last crash.