BTC In the midst of correction
Today BTC felt down to all time low in 2018 with price range from 5000 to 3800. Hence, the bearish waves shown indicated BTC is still progressing on short continuation.
TA use for this is Icloud, Stoch RSI and MACD. All indicators were favors towards bearish sign. There is no support line that solely shown for retrenchment.
The limitation on TA conclude further trend on bearish side with assumption support line based on 2017 bullish are 3000, 2000.
From previous records it seems that BTC will on going
new phase for huge financial investors if price keep roaring sorrow. Another perception view on BAKTT told the delay of ETF approval might endure the bearish waves on 2019.
I think BTC will find its consolidation \ correction phase within a month. Due to margin capability of FIAT exchange the market was extremely unpredictable; who knows by the way. My strategy is wait on sideline until confirmation for bullish\consolidation appeared to avoid catching the falling knife. Unless margin short is your preferable.
For the holders you haven't lost yet if you didn't sell it
TA use for this is Icloud, Stoch RSI and MACD. All indicators were favors towards bearish sign. There is no support line that solely shown for retrenchment.
The limitation on TA conclude further trend on bearish side with assumption support line based on 2017 bullish are 3000, 2000.
From previous records it seems that BTC will on going
new phase for huge financial investors if price keep roaring sorrow. Another perception view on BAKTT told the delay of ETF approval might endure the bearish waves on 2019.
I think BTC will find its consolidation \ correction phase within a month. Due to margin capability of FIAT exchange the market was extremely unpredictable; who knows by the way. My strategy is wait on sideline until confirmation for bullish\consolidation appeared to avoid catching the falling knife. Unless margin short is your preferable.
For the holders you haven't lost yet if you didn't sell it
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