Update on BTC: Bitcoin got smashed again. Who would have thought?
This kind of moves happen only in the crypto space. So you can be proud! The RSI is at 19 (!?) and the MACD literally flattened out. (4h chart)
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A nasty breakdown from the rising wedge; all the ascending progress that we accumulated in 13 days was wiped out in 1 day. We didn't even touch the yellow trend line. The MACD on the daily is turning bearish again and the RSI is again at 40, which acted as a support level in the past. Maybe it will do the same this time.
Click here to enlarge the image
These are some of the exchanges I use:
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- Bitfinex - my most used exchange
- Binance - most popular exchange
- Kucoin - excellent exchange, rising in popularity
- Gate - for small cap / new coins
- Huobi - margin trading
- Coinexchange - big variety of coins
ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!NEVER HAVE THE SAME PASSWORD TWICE!SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES! MANY GOT FOOLED AND LOST A LOT OF MONEY!Thanks for reading and safe trading!✌
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Yeah I was really shocked when I saw this. I thought we could recover to 10k at least ... Do you see any reason for that drop ? Any bad news ?
No, not really. I know someone opened a big short position on Bitcoin, when the market was still bullish and only after some time did the crash begin. So it clearly was manipulation. Could be in connection to BTC futures expiration date.
See link here
Yeah thats what I thought too. If you have a look at the charts it does really look like manipulation. You can find many of this big drops within short time during the last days.