we saw a huge correction across the entire crypto market today, and even a week ago we had a smaller correction. I think corrections can vary in timeframes from a short one to a longer one like we are seeing now over the course of a week. We almost perfectly bounced off the 0.6 FIB level or 30K and now have recovered even above the 0.5 FIB/ 38K. These are both...
A whale purse sold 10.000 BTC yesterday and the price fell dramatically. You can track his activity here:
bitinfocharts.com
However it was expected that something would happen as soon as Bollinger Bands contracted close to each other. We faced with a dump. The price managed to consolidate a little below Fib 0.786 support level and now it is resistance.
Probably...
As you can see, it beautifully bounced back and is now headed up. This is certainly not the end of the bearish trend and there is a lot of negative sentiment in the market but this is a good time to buy for short to medium term gains.
