Why Bitcoin crashed near $487 ?? Earlier prediction was correct?? Bitocin acted as Dead cat bouncing??

in bitcoin •  3 months ago

Hey steemians
How are you!!

Here is a Quick BTC/USD market Update related to my last post -- Bitcoin dead cat bouncing

I just Cautioned everybody that When it will Breaks Ascending channel be it from Golden Fibonacci level 61.8% ~ $7509.60
level.
bitcoin analysis- 05-09-2018-2-1.png

current status of the Bitcoin Market Data from Investing.com... have a look

Bitcoin supply.JPG

Some facts that might be responsible for this downfall........

1. Technical analysis and data reading showing that it is trading in Ascending channel and it could break anytime..
if this happens then it will start downfall again.. same thing happened today.. after breaking trend channel it goes down.. as big supply comes through and price unable to sustains..

2. Us securities agency SEC has not approved and time dealy might have another reason it caused drainage.. As sourced news claimed that SEC might have no chance to approve in between This Year!!!

3.Another Scary Reports is Goldman sachs postponed Bitcoin trading as of now.... This is main reasons I think.. After news flashed out that Goldman Sachs might be drop Bitcoin trading all supply and short sellers Sellers goes active in shorting the bitcoin which caused Bitcoin to trade and made low of $6903.05

So here are few screenshot that might be help full on this topics.. As this is Part of Morning post...
Please go though it.... If you just missed that.... Hope it will guide you through..

Here is the Link ....

https://steemit.com/bitcoin/@amusdnom/caution-caution-bitcoin-dead-cat-bouncing-will-like-to-fall-again-from-usd7509-6-level

bitcoin analysis- 05-09-2018-2.png

Another two was just taken few days back and Todays Morning...

Bitcoin-05-09-2018.png


Technical Analysis taken from Investing.com
Bitocin Analysis -05-08-2018.png

And Last but not the least....... The last records was taken from when Bitcoin just stared to Bounce back....

I mean dead cat bounce.......... Ha ha.....

Bitcoin-1.png

Thanks for reading ..............

Regards - @amusdnom

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So informative and initiative content,thanks for sharing today cryptocurrencies post

Posted using Partiko Android

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Welcome
And thanks.... @ahmanik

I am trying to do so , As we can update with current market scenario...

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Ok bro carry on always with you

Posted using Partiko Android

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yaup ....

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:-) check out my blog with considering

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Good technical analysis with chart

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Just morning I have tried to predict it will start downfall again once
1.If breaks ascending channels...

  1. IF reached 61.8% Fibonacci level... Now

exactly same happened... near about 487$ crashed bitcoin...

might be continue more as Goldman saches turned down Bitcoin trading as of now..

Please share your point of views about this news that circulating around us...

Specially SEC approval...

Informative content.. keep it up

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Thank You @sukumar1
yesterday huge downfall caused steem also down.

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Yes.. I saw but let'ss see..

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