Dear friends, I am glad to welcome everyone!
I want to say right away: I, like many other traders, have also been for long all this time, and in no way expected such a strait. My stop loss has worked in the region of ~ 7100 $.
Unfortunately, the stock market crisis caused by the COVID-19 pandemic, I did not underestimate it. For a day, Bitcoin lost more than 30% of the cost, having fallen in price to $5613 (on the Bitmex exchange). As for other stock indices - today they have lost in price more than 4%. As we can see, the spread of the virus, as well as the panic in the markets, are only gaining momentum, and therefore, the continuation of the fall is likely to continue.
Consider a time frame of 4 hours:
The price is trading in a downward imbalance. At the moment, my positions are: 25% bitcoin, 75% cash. We are waiting for stronger signals for a price reversal. Buying is extremely dangerous right now.
Consider the time frame 1 week:
The collapse of liquidity that occurred after breaking through the bottom line of the triangle. The price, through abnormally increased market sales, as well as numerous liquidations, sank more than 1,500 points. Now all the attention is at $ 5500 (ma200 on a weekly TF). In case of breaking through and fixing below the designated zone, the target: $ 4200-4400 (test of the main three-month accumulation).
After 30 minutes:
If you liked this analysis, please like and comment!
Link to my telegram channel below the post.
All successful bidding!
I want to say right away: I, like many other traders, have also been for long all this time, and in no way expected such a strait. My stop loss has worked in the region of ~ 7100 $.
Unfortunately, the stock market crisis caused by the COVID-19 pandemic, I did not underestimate it. For a day, Bitcoin lost more than 30% of the cost, having fallen in price to $5613 (on the Bitmex exchange). As for other stock indices - today they have lost in price more than 4%. As we can see, the spread of the virus, as well as the panic in the markets, are only gaining momentum, and therefore, the continuation of the fall is likely to continue.
Consider a time frame of 4 hours:
The price is trading in a downward imbalance. At the moment, my positions are: 25% bitcoin, 75% cash. We are waiting for stronger signals for a price reversal. Buying is extremely dangerous right now.
Consider the time frame 1 week:
The collapse of liquidity that occurred after breaking through the bottom line of the triangle. The price, through abnormally increased market sales, as well as numerous liquidations, sank more than 1,500 points. Now all the attention is at $ 5500 (ma200 on a weekly TF). In case of breaking through and fixing below the designated zone, the target: $ 4200-4400 (test of the main three-month accumulation).
If you liked this analysis, please like and comment!
Link to my telegram channel below the post.
All successful bidding!
