There were up to 4 billion liquidations during yesterday's fall. Some reports put the number of traders who were liquidated as high as 350,000. That's a lot, no one expected such a big drop and so fast.
What is on the chart now and when to buy?
Behind many fundamentals and technicals + many models, globally bitcoin is still in a bullish cycle. If so, this drop is a good discount to buy.
That said, a similar scenario could happen for bitcoin as marked on the chart to the left, as in February this year.
If this scenario happens again it would be the best buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
What is on the chart now and when to buy?
Behind many fundamentals and technicals + many models, globally bitcoin is still in a bullish cycle. If so, this drop is a good discount to buy.
That said, a similar scenario could happen for bitcoin as marked on the chart to the left, as in February this year.
If this scenario happens again it would be the best buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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