Good day fellow crypto participants,
looking at the past Bitcoin Bear-Market we can find many clues that could help us determine future price movements.
Of course, I doubt that history will exactly repeat itself but it can surely give us some good reference points.
So first let´s look at the RSI in 2014 where we made our first low at roughly the ~30 level...
Bitcoin price correction and this so called "levels of artificial price" which is being hold by sharks 'n' wales should not last long.
When Bitcoin makes his next retracement (which is happending already), you should all cashout your positions (except maybe XRP or few more altcoins), but, in general, whole market will make a 30%+ dropdown.
Therefore, i' m...
Weekly Candles have stopped making big wicks,
we are up for a correction ?
Jurik's RSI (smooth rsi) also shows overbought levels and
after every bull phase, btc has correction so i guess we are going to go sideways
and then a dump maybe and then form support and hit 6000 levels.
OK GUYS, GALS AND PALS. BITCOIN PROBABLY MAY MAKE SOME NEW HIGH BUT VERY LIMITED AS THE RED RESISTANCE LINE IS IN PLAY. BUT ALSO HAS SOME GOOD UPSIDE POTENTIAL. PROBABLY IN A ZONE TO BUY FOR SHORT TEMR HOLD AND SELL IT DEPENDING ON SITUATION PROBABLY LAT OF THIS YEAR OR EALY NEXT YEAR AND GO FOR SHORT SIDE ONCE THEY BREAK THE 1ST GREEN SUPPORT LINE AND SHOWS...
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