5750 USD (~Feb 10th) MAX Bottom - May rebound soon, RSI Oversold

BITFINEX:BTCUSD   Bitcoin / Đô la
5750 $USD per BTC             is my current MAX Bottom target.

The price could rebound before this however, because RSI is Oversold.

I do actually believe that global events/news + a concentrated effort by wealthy individuals/groups to push the price of BTC             down, is the bigger cause of this price decline, something that cannot be accurately predicted by technical analysis .

I will try to explain my analysis more, and post updates soon, if time allows.
Bình luận: As I mentioned earlier: "global events/news" ... "is the bigger cause of this price decline"

Today's price drop wasn't likely a naturally ongoing price correction, but more due to negative news (each subsequent story conveniently timed) working to push crypto prices further down.

Ban Complete: China Blocks Foreign Crypto Exchanges To Counter ‘Financial Risks’

Bitcoin Dips Below $7k Amidst News of China’s Full Ban of Cryptocurrency Exchanges

Again, as I mentioned:
"something that cannot be accurately predicted by technical analysis" alone,
however, we can use TA to estimate support levels where even negative global news will have a difficult time pushing the price lower.

Additionally, most of the current and recent sellers are likely newcomers into crypto, many of whom bought in around all-time-high prices.

This correction will shake out a lot of the weaker traders, while lots of strong, experienced crypto holders will refuse to sell any lower.

Strong sell resistance will be met very soon.
Now is a good time to keep Holding and/or Buy.
(I am doing both)
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng biểu đồ Điều khoản sử dụng Người điều hành Giải pháp Website & Môi giới Widgets Thư viện biểu đồ chứng khoán Yêu cầu tính năng Blog & Tin tức Hỏi đáp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh hồ sơ Tài khoản và Tính phí Tickets Hỗ trợ của tôi Liên hệ hỗ trợ Các ý tưởng đã xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất