BTC - Still in Consolidation

in bitcoin •  2 years ago  (edited)

Hello all,

Here was the chart of yesterday :


Here is the current chart :


The consolidation that I was showing you yesterday is still in progress. I'm still waiting my objective around 7300-7350$ to be touched. After that touched, a new trend is possible and perhaps even a bull trend but let's wait first the end of this consolidation.

I wish you massive profits,

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.


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I believe there is a huge potential for BTC to go back to around $15k soon,,, There were a lot of terrible news lately that Hit the market growth, even though, There will be a strong return back.

  ·  2 years ago Reveal Comment

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Although the diggers and the beneficiaries of Bitcoin all called for no panic, and comforted themselves that Bitcoin had gone through three or four major crises, all of them had been saved, but some experts still predicted that its value would fall to zero, that is, eventually die.

as i foreseen, the trend is still on downtrend for next 4-6 months before rebound. many investor and trader is still reserve on the right time to make their move. what we can do is speculate and wait.

Would you think that current crash is related in any way to Mt Gox and Bitcoin futures?

It seem that those 2 are main reasons why entire market is dropping.