BITCOIN: dump over??? close at 8500 and target at 8800
ok dear crypto community.. was a rough week!
After this almost crash dump we see a bit light here. We closed at almost 8500 and now we are looking at the next target of 8800k BTC. This of course is only a short term trend analysis. We could also have a set back to 8100 levels before taking a new upwards trend to 8800 and 9k.
This crash was initiated cause of further mt. gox trustee movements of btc and bch. Few 1000 bitcoins moved out of the cold wallets released again panic on the weak part of the crypto traders.
Also pay attention to RSI movements. As you see, before the crash we had an upward regression trend but a downward RSI movement which indicated that a negative breakout would be more likely than positive breakout.
Well lets see where this is going. Maybe too soon to determine something here, the manipulation is insane tho, couldn't blame anyone for staying away from this market. Only a 2 to 5 trillion total mcap could prevent this kind of manipulation.
After this almost crash dump we see a bit light here. We closed at almost 8500 and now we are looking at the next target of 8800k BTC. This of course is only a short term trend analysis. We could also have a set back to 8100 levels before taking a new upwards trend to 8800 and 9k.
This crash was initiated cause of further mt. gox trustee movements of btc and bch. Few 1000 bitcoins moved out of the cold wallets released again panic on the weak part of the crypto traders.
Also pay attention to RSI movements. As you see, before the crash we had an upward regression trend but a downward RSI movement which indicated that a negative breakout would be more likely than positive breakout.
Well lets see where this is going. Maybe too soon to determine something here, the manipulation is insane tho, couldn't blame anyone for staying away from this market. Only a 2 to 5 trillion total mcap could prevent this kind of manipulation.
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