Either an exchange being hacked for a tiny tiny percentage of the market cap made 6 month lows for BTC or something else is going on. This chart is something I believe we have all drawn so I am curious why people are looking at some exchange hack as the reason for the price drop.
the news is 2 days old before this chart.
so no the news caused liquidation the trade set up happened during the news.
double check you time lines
Shawt
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you give a nice idea. I have drawn it again and saw we touched a low from 6 Feb. precisely.
yuntoharjo.abyan
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@dcbull33, from this chart, i can say that it might go up, because it has hit the most low performance from the end of year 2017. Correct me if i'm wrong, but from the cycle i have seen is that the year 2017 start to go up when this time of the year (mid term).
so no the news caused liquidation the trade set up happened during the news.
double check you time lines