10 Reasons for Bitcoin crashing >50% in 2 months
Güncellendi
I'll just jump straight into it.
Liquidity...
It's always been a "buzzword" in trading, but rarely seldom understood. Liquidity is where the orders are. It is an area of interest that draws money and traders in.
But what about liquidity?
Simply put, when the "liquidity stars" align, it can often become a point where reversals can be had. I call my method "liquidity clustering". Essentially it comes down to using different indicators all together to come up with a point of interest for buyers or sellers.
I'll preface this with "nothing is a guarantee".... I can't guarantee that price will reach my point of interest, for all I know we could still easily keep going up. But there are some signs that price is looking for stability here, and usually stability means an infusion of cash.
The straight rise of Bitcoin in the past year without much of a correction should be eye opening for most people. We have made a new ATH, broken an upside liquidity and vwap bands at the top measured from highs and lows.
I like the idea of a correction, but I urge you that this is not a scenario to start shorting. This is a scenario to look for a buying opportunity. On the main chart I have labeled 10 different points of liquidity that all seem to correlate in one spot. Near $30,000....
There is nothing that says we couldn't keep taking liquidity all the way down to $25,000, but I would definitely start thinking of buying within the 25k-30k range.
There are signs that Bitcoin is likely to move to >100k in price. Be prepared for a possible strong push down before the buyup starts.
Liquidity...
It's always been a "buzzword" in trading, but rarely seldom understood. Liquidity is where the orders are. It is an area of interest that draws money and traders in.
But what about liquidity?
Simply put, when the "liquidity stars" align, it can often become a point where reversals can be had. I call my method "liquidity clustering". Essentially it comes down to using different indicators all together to come up with a point of interest for buyers or sellers.
I'll preface this with "nothing is a guarantee".... I can't guarantee that price will reach my point of interest, for all I know we could still easily keep going up. But there are some signs that price is looking for stability here, and usually stability means an infusion of cash.
The straight rise of Bitcoin in the past year without much of a correction should be eye opening for most people. We have made a new ATH, broken an upside liquidity and vwap bands at the top measured from highs and lows.
I like the idea of a correction, but I urge you that this is not a scenario to start shorting. This is a scenario to look for a buying opportunity. On the main chart I have labeled 10 different points of liquidity that all seem to correlate in one spot. Near $30,000....
There is nothing that says we couldn't keep taking liquidity all the way down to $25,000, but I would definitely start thinking of buying within the 25k-30k range.
There are signs that Bitcoin is likely to move to >100k in price. Be prepared for a possible strong push down before the buyup starts.
Not
A Larger view of the chart for clarity
Feragatname
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