bitcoin crashed 2366.96 points as expected ...... but such big fall did we expected????

in bitcoin •  6 years ago 

Hey steemin How are you all??

Hope you are preparing for fresh entry as Bitcoin is now trading 6207.84$ , it came back where it is started few days back..

After massive crash 2367 points their are a lots of panics has been whirling around, but as a trader believe us we need such extremely value able situation where we can take such opportunity to grab bitcoin again for few more bucks.

before starting analysis lets start and have a look on charts where bitcoin finished their move after a making rally...

and we left off for few more days for not tracing mood........As we know or predicted that it will gonna be crashed at least 61.6% i.e 7553 level!!!

BITCOIN -09-08-2018.png

There are few reasons that might drag down or pull back bitcoin down or make crashes....

  1. Bitcoin ETF postponed till 30th sept 2018
  2. Huge profit booking may another reasons to crash bitcoin as it was downtrends since last 2-3 months
    3.Another reasons may be that some dis-balance regarding crypto market and SEC decision may kill the rally...
    4.Last but not the least Market manipulation Biggies are one the culprit who can pump and dump any markets any instruments with their huge money power.. so we can't over ruled that super power to do this things right??

so this my few points which I have digged out ... please don't forget to share your own reasons that crashed bitcoin so badly...................

@amusdnom

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Is this the right time for the fresh entry?

hi @sukumar1

I think we can invest little bit at that time....

Okay

Do some researches before jump into it....

Obviously

hi @sukumar1

yes you can try to invest at this this time.....

Very bad blood bath bear market is coming

Hi @sdas

bear market might not come as this is just a consolidation phrase....

it will bounce back from this level!! which is already started!!!

have a look!!!

Thanks for sharing such a rational view. How could it be safe from market manipulator?

hello @bindas

This is just we try to share our knowledge for basic to advance level of learning....

you can join with us.. with spreading knowledge is caring also.... I mean sharing is caring .... Am I right???

I belive it has bottomed up again time for exposure trading 100x time horizon 15-20 days

Hi @cryptoniumabhi

yes it might be bottomed up todays.. already started upmove, recovery bounce back mght be seen soon!!!

wow good analysis bro..

  ·  6 years ago (edited)

hi @binay2018
Oh thank you !!!