Bitcoin price movement comparison, be careful
#BTC
The situation is very similar with the fall in August: similar discharge and identical consolidation (blue rectangle), after which you can observe fluctuations from the stops of the longists to the feet of the shortsters. If this time the market moves downwards, then most likely, the upper limit of the range of most stops on the short (around 6060-6100) will occur. In general, there is a lot of similarity in price movement, be careful.
The situation is very similar with the fall in August: similar discharge and identical consolidation (blue rectangle), after which you can observe fluctuations from the stops of the longists to the feet of the shortsters. If this time the market moves downwards, then most likely, the upper limit of the range of most stops on the short (around 6060-6100) will occur. In general, there is a lot of similarity in price movement, be careful.
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Komentarz:
#BTC
Thoughts for now: at the moment, despite the fact that most traders believe in a further decline, we are skeptical about this scenario. The longs have already been shaved, everything else, albeit not in huge amounts, but must quickly pay off. Perhaps the scenario is played out to remove the shortsters who believe in mining losses forks, etc., they have money and they need to be taken away.
It is hardly possible to believe in the breakdown of 5000-5200.
#BTC
Thoughts for now: at the moment, despite the fact that most traders believe in a further decline, we are skeptical about this scenario. The longs have already been shaved, everything else, albeit not in huge amounts, but must quickly pay off. Perhaps the scenario is played out to remove the shortsters who believe in mining losses forks, etc., they have money and they need to be taken away.
It is hardly possible to believe in the breakdown of 5000-5200.