Strong Rejection from the Upper Resistance trendline Reconfirms DEscending Downtrend of Bitcoi/usdt.
Projected Support Intersection at 7,500.
Fundamental conditions are the root causes of the continuing bitcoin plunge
1 FED Rate Hikes cause strong Risk aversion of Institutionals and Investors, and rotation into Dollar Cash.
2 Continuing wave of BAnkrupcies of Crypt-Frauds, Crypto-schemes and Pyramids only Grows and adds to Bitcoin mistrust by inestors: LUNA. TERRA, Celsius, Voyager and that list grows daily.
3 Liquidation of 140,000 bitcoins from Mt Gox by Court authorities - and anxious owners biting at the bit to finally REALIZE their Profits after years of being unable to do so.
Immediate selloff of a stash that is times bigger than the Musk selloff that caused winter collapse of the price from ATH.
Emphasis: HUNDRED THOUSAND Bitcoins DUMPED ON the Market.
Projected Support Intersection at 7,500.
Fundamental conditions are the root causes of the continuing bitcoin plunge
1 FED Rate Hikes cause strong Risk aversion of Institutionals and Investors, and rotation into Dollar Cash.
2 Continuing wave of BAnkrupcies of Crypt-Frauds, Crypto-schemes and Pyramids only Grows and adds to Bitcoin mistrust by inestors: LUNA. TERRA, Celsius, Voyager and that list grows daily.
3 Liquidation of 140,000 bitcoins from Mt Gox by Court authorities - and anxious owners biting at the bit to finally REALIZE their Profits after years of being unable to do so.
Immediate selloff of a stash that is times bigger than the Musk selloff that caused winter collapse of the price from ATH.
Emphasis: HUNDRED THOUSAND Bitcoins DUMPED ON the Market.
Not
REMINDER:ALL CHARTS - of ALL PEOPLE
Are POTENTIAL for EVENTS
And Such Potentials INFLUENCE the MARKET PLAYERS - IT is a Process of EXPECTATIONS INFLUENCING ACTIONS.
My chart, - ANYBODY's CHART are POTENTIALS. When You cross the street - you take into account POTENTIAL for a speeding car. When you lock the door you consider the POTENTIAL of safety. When you enter a position - it is because OF POTENTIAL EVENTS.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.