usman.kh8
Long

looking for a rapid move up ,

BITFINEX:BTCUSD   Bitcoin / Dollar
follow up on the previous idea ,
keep your stops under the candle
well all that has already pushed the price 60 percent lower in a month , thats a big enough crash or correction some bulls say. i agree down trend is not done but i try to stick to charts always they dont lie so far its following the charts
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I agree with Jim626
Target for the end of this bear market:1,500
After S Korean and China clamp down we practically have no more buying power or volume.Investors are loosing confidence in BTC and crypto on a daily basis and holders are rushing to cut their losses by dumping. The bear trend will be here for a while.
Again fundamentals is more prominent here than TA charts.
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This bear market started below 10,000. The charts are telling us that since the 20,000 peak, each rebounds after big dips have been less powerful than the previous one. Meaning less buyers.
Authorities around the world had caused a cap on BTCs potential. With this cap, who's going to be buy?

BTC was just a video game. It was a lot of fun, but it's game over!

Next targets: 8,000 and then 5,000. Target for the end of this bear market: 1,500
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@jim626, well i respect your opinion , but i just post what i feel charts, indicators and structures say
in my opinion after this bearish trend ends bitcoin will be stronger than it ever has been ,reason ,there will be regulations and a working system to crypto market ,5000 in my opinion will be the end of this bearish trend that depends on how asian governments take crypto currency
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