BITCOIN BTC MAJOR CORRECTION? (WATCH CHART-READ DESCRIPTION)
Updated
Chart is self explanatory - I will add more info as we go through this.
Best thing is to convert BTC to USD for risk minimization. High Risk traders can move into alts to try and increase their satoshi amounts.
This is not because of FUD news. This is just happening at same time as news are being released in order to expedite Bitcoin's short - medium term fall in market.
We have 2 strong bounce off points coming up which is a major thing to watch for in next weeks or perhaps days if media helps us out. Demand zones are very low, I agree, however that's where they are. We do have many more demand zones in $8,000 levels and $6,000 levels but they are no match for these 2 demand zones labeled on chart.
No one who is invested in cryptocurrency will take this lightly, but this is actually a positive thing. After this we will be able to finally move on up without any interruptions.
With that said, if we actually break support and fall to our demand zones, I'm sure that majority of you will call it quits on cryptocurrency even though you're not saying that now! Strong hands will remain - patience will win at the end!
DO NOT INVEST WHAT YOU CAN'T AFFORD TO LOSE, ESPECIALLY IN CURRENT MARKET. WE ARE NOT YOUR FINANCIAL ADVISORS!
Best thing is to convert BTC to USD for risk minimization. High Risk traders can move into alts to try and increase their satoshi amounts.
This is not because of FUD news. This is just happening at same time as news are being released in order to expedite Bitcoin's short - medium term fall in market.
We have 2 strong bounce off points coming up which is a major thing to watch for in next weeks or perhaps days if media helps us out. Demand zones are very low, I agree, however that's where they are. We do have many more demand zones in $8,000 levels and $6,000 levels but they are no match for these 2 demand zones labeled on chart.
No one who is invested in cryptocurrency will take this lightly, but this is actually a positive thing. After this we will be able to finally move on up without any interruptions.
With that said, if we actually break support and fall to our demand zones, I'm sure that majority of you will call it quits on cryptocurrency even though you're not saying that now! Strong hands will remain - patience will win at the end!
DO NOT INVEST WHAT YOU CAN'T AFFORD TO LOSE, ESPECIALLY IN CURRENT MARKET. WE ARE NOT YOUR FINANCIAL ADVISORS!
Note
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9,270 strong support hit - anyone thinking it will drop more within a week or recover for good?Note
Note
Movement is exactly as predicted - enjoy
Note
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