Bitcoin Analysis

[bigbax699]

Bitcoin is a Bloodbath. That's all i'm reading everywhere. Yes we have hit SL on our buy position, but that is totally fine as we have had huge returns of late. We can't win all of our trades it is not sustainable, losing is part of trading. So we move onto the next re analyze and pick our next position in the market.

The demand at 40K has been broken, so it looks like we will most likely be re visiting the demand zone at 33K . Which was the original source for the push to make the all time high. Will we see the same again? Time will tell, mark your charts and get ready for support to form at that zone for the buy. Cheap Bitcoin is always a good idea to buy. GLIYF

 

[sebking1986]

If that zone doesn't hold up then I think 20k will be hit very quickly.

 

[Treacle]

Teetering around $33k now. Will it or won't it.....

 

[sebking1986]

That wick yesterday was interesting. Gone up to fill it now it seems.

 

[FriendlyFX]

Heading for $30k fast I'd say we're not at the bottom yet I'm buying at $25k should price retrace that far

 

[momo3HC]

Bottomed out?

 

[sebking1986]

Nothing to say we're out a down trend for me at the moment.

 

[JimmyRozza]

Final leg down still to come!

 

[ForexWarrior2020]

Markets tightening I can see some volatility coming some. They ranges are getting tighter and tighter

 

[sebking1986]

First will be manipulation and then expansion.