Ok folks, we had another negative day for Bitcoin. Bitcoin fell 5% and formed a very negative forming candlestick. Lets have a look at the chart:
Comment: It is very likely that we will go down to 9,3k before we can hope for another jump to the upside. At 9,3k we do have the important bollinger band median and as far as I am concerned, that is the nearest support.
Another negative for the day is that the bull flag has been broken on the stochastics and the supporting trendline has also been broken to the downside.
So, we will have to watch tomorrows action closely here and look for a potential reversal.
Happy trading!
Sincerely speaking, I am not scared. The falling and rising nature of Bitcoin has been one constant factor. I invested quite a lot when it priced at $8000. It is about $10,000 now and i believe, by December, it is going to sky rocket again and investment will wonderfully pay off.
yeah, I agree, these daily updates are very short term oriented but if you trade short term, that is important to follow, but if you are a long term hodler, it is just noise.
Oh yeah, you got that right. Though, I am considering trading short term separately from trading long term. It is scary. You do trade short term??
Hope btc will go up again
am ok with the free market i know that bitcoin has a substantial liquidity therefore i do believe that it's certainly immune to price manipulation am confident it will be back.