Whole crypto industry has suffered huge market crash. As we can see BTC stopped by 4500$ level, if we are looking to the previous market movements it is accumulation zone before new dump to the 3500-4000$ support levels. It is very likely that it will happen in the end of the week or in the next week:
1. Price has touched 5000$ and failed to break out that level and formed new lower highs and lower lows
2. Price failed to break out FIBO 61.8 level twice, which is a huge stimulate for the price to reach new lows
3. If daily candle will close below 4500$ it is a good way to find for a entry to the position
Do not go long in that kind of situation in the market, it is very risky and it can lead to huge deposit losses because of whales movements!
1. Price has touched 5000$ and failed to break out that level and formed new lower highs and lower lows
2. Price failed to break out FIBO 61.8 level twice, which is a huge stimulate for the price to reach new lows
3. If daily candle will close below 4500$ it is a good way to find for a entry to the position
Do not go long in that kind of situation in the market, it is very risky and it can lead to huge deposit losses because of whales movements!
Trade closed: target reached:
Congrats to all who entered to the position and reached their targets, price has reached 3650$ support level.