Guys I have to say only few words right now and just publish this supports for you.
Why it happen?
FUD version:
My view - because of BCH hardfork war and possible war of ASIC miners.
As I say in my video - BCH situation very very negative for market.
Also 17 nov futures can playing some role.
Natural version
Because market need liquidity to go seriously up.
You can check last years rally of Bitcoin - almost always we have spike down in few days before go long again.
This is instrument for big players to get liquidity to go long.
Bearish or bullish?
One important thing is need to hold your type of position.
If you was bullish on 6500 - now you cant be bearish and sell all.
When it already happen and you do not protect on stop - now selling is too late.
I know this pain. But you can take a losses or holds this pain to get profit - your choice.
What about me?
I miss that fall and just hold my positions because I still long-term bullish for all market.
If BTC will decide to go lower - on 3k Im a buyer lol.
Why it happen?
FUD version:
My view - because of BCH hardfork war and possible war of ASIC miners.
As I say in my video - BCH situation very very negative for market.
Also 17 nov futures can playing some role.
Natural version
Because market need liquidity to go seriously up.
You can check last years rally of Bitcoin - almost always we have spike down in few days before go long again.
This is instrument for big players to get liquidity to go long.
Bearish or bullish?
One important thing is need to hold your type of position.
If you was bullish on 6500 - now you cant be bearish and sell all.
When it already happen and you do not protect on stop - now selling is too late.
I know this pain. But you can take a losses or holds this pain to get profit - your choice.
What about me?
I miss that fall and just hold my positions because I still long-term bullish for all market.
If BTC will decide to go lower - on 3k Im a buyer lol.
Note
This is liquidity education article.
Note
Going to next support 5134Note
Market in panic mode right now. We already reach our technical and psycho support but price slowly going down. This price action already more looks like spike.If market close the day under 5100 - we going down to 3600 - 4200.
Note
Switzerland crypto ETP accepted. Start the product on next week.forklog.net/largest-swiss-exchange-to-list-worlds-first-crypto-etp-under-hodl-index/
Note
Coinbase 4520 coming. Its technical and psycho support.Note
Just watching on time of opening largest amount of longs for Bitcoin on Bitfinex.Price drops almost 15% from time of big long positions opened.
What it mean? All this people will be liquidated if price drops to 4200.
Good luck.
Note
Liquidated.Note
Shorts and Longs going down. It means that many people was liquidated from 5xxx longs. And many people doubt about going down because we already at underground. This uncertainty is ideal conditions to create final panic wave.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.