Market might collapse as Chinese government stops all BTC Trades
Hey Guys,
Due to the trading and exchange problems occurring in China (possibly due to their presidential elections next month), the market is facing lack the volume and strength.
I feel the whale money is being taken out of market hence the chances of collision have increased.
Recent EMA point, Low volume, and many other factors shows us BTC is not going for all time high as it has to go back to take support and rebuild its strength.
Its not the best time to invest and wait until BTC rebuilds its strength and be where it should be.
However, once the whole political scenario is settled, we will observe a very strong growth as shown in the graph.
Feel free to express your views and discuss on the same.
Happy Trading :)
.
Due to the trading and exchange problems occurring in China (possibly due to their presidential elections next month), the market is facing lack the volume and strength.
I feel the whale money is being taken out of market hence the chances of collision have increased.
Recent EMA point, Low volume, and many other factors shows us BTC is not going for all time high as it has to go back to take support and rebuild its strength.
Its not the best time to invest and wait until BTC rebuilds its strength and be where it should be.
However, once the whole political scenario is settled, we will observe a very strong growth as shown in the graph.
Feel free to express your views and discuss on the same.
Happy Trading :)
.