Crash! Possibly Red Weekly Candle after 7 Week of green Euphoria
CRASH!!! Below 18,000$ now. Possibly it may go down to 16,000$ (15% decline) and bounce back. But if it continues to go below 16,000$, then trend is reversed, bear market starts and Bitcoin will not see an all time high soon. Or, it may be simply that, thanksgiving break started from today across USA, and everybody wants to chill for next 1-2 week!!
Greed and Fear is close to 100 now!!
alternative.me/crypt...ear-and-greed-index/
See, how quickly the trend reverses from the top. almost 5-15% decline in all top 10 crypto.
Most likely the crash will continue to produce the first week of decline. In 2017/18, it crashed about 25-30% in a week, as you can see.
On the other hand, this can be a breather before the next bull run and an opportunity to buy. A little bit correction is healthy amidst all greed and fear. We will have to follow the trend.
Greed and Fear is close to 100 now!!
alternative.me/crypt...ear-and-greed-index/
See, how quickly the trend reverses from the top. almost 5-15% decline in all top 10 crypto.
Most likely the crash will continue to produce the first week of decline. In 2017/18, it crashed about 25-30% in a week, as you can see.
On the other hand, this can be a breather before the next bull run and an opportunity to buy. A little bit correction is healthy amidst all greed and fear. We will have to follow the trend.
Crashing more. Possibly goes down to 17,000!
The best case the price stays above the purple line (has a healthy bounce back from ~16,000$). The worse case it breaks the purple line, bounces back from the magenta line (optimistic bounce back from 13-14,000$). The worst case or nightmare bearish situation is it breaks the magenta line registance (goes below 14,000$).