Price of BTC is $7,661 in Bitfinex, is it reasonable to buy at 7K or price will go lower? I almost lose my patience.
Still, i have an original price analysis from Kaung Ren, a Chinese analyst, to share with you, please feel free to leave your comments below:
Price is expected to continue oscillating downwards along with MA 5 after breaking below $8,500 last night. However, rally can be used to play the segment after dipping far below MA 5, you can also dump your chips when price moves back above MA 5.
Apart from the extremely weak performance in price move during the last 2 sessions, BTC also shows no signs of expansion in volumes at bottom price. Even though the arrow as marked serves as a support, nobody knows exactly where price is heading for when price continues moving downwards along with MA 5. If you bought around $18,000, there’s no more reason to be afraid.
Original by Kuang Ren, translated by AICoin Jami.
Check the full-version analysis here: https://www.aicoin.net.cn/article/12960.html
Still, i have an original price analysis from Kaung Ren, a Chinese analyst, to share with you, please feel free to leave your comments below:
Price is expected to continue oscillating downwards along with MA 5 after breaking below $8,500 last night. However, rally can be used to play the segment after dipping far below MA 5, you can also dump your chips when price moves back above MA 5.
Apart from the extremely weak performance in price move during the last 2 sessions, BTC also shows no signs of expansion in volumes at bottom price. Even though the arrow as marked serves as a support, nobody knows exactly where price is heading for when price continues moving downwards along with MA 5. If you bought around $18,000, there’s no more reason to be afraid.
Original by Kuang Ren, translated by AICoin Jami.
Check the full-version analysis here: https://www.aicoin.net.cn/article/12960.html
I've suspected it before at 10k and 9k and then 8k so it's risky to say we're at the bottom but the only real reasons we keep falling is because we can't go 2 days without another load of bad news and the subsequent FUD that comes with it. Once we have a quiet week then the money will start to flow back in, most buyers will wait for a 10-20% recovery before really piling in. At least that's my expectation.
