bizi

Explanation of the crash and moving forward with Bitcoin BTC/USD

BITFINEX:BTCUSD   Bitcoin / Dollar
Here's the brief graphical explanation of the Bitcoin             "crash" that happened, and many opportunities that couldve been taken to get out from it on time and rebuy it lower.

Right now, strong buying volume is approaching and potential bounce back is very much possible. This crash happened after the 5th Elliott Wave so this was also an expected so called ABC correction.

We are looking at the beginning of the new cycle for Bitcoin             . The crash can continue further towards the 5k and 4k area but hopefully it won't go lower than that considering the strong buying volume that is coming back and since the 6k area is a very strong support.

Having said that, Ichimoku cloud and EMA's are for now showing bearish movements in the long term, but considering the strong buy volume , the correction after the 5th Elliot wave , and the strong correction of about 70%, I think that the indicators will not stay bearish that long.

Still, right now, It's hard to make very strong conclusions until the negative trend is broken, but in short timeframe, everything is looking well.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden