Hi, today we are going to talk about Bitcoin and its current landscape.
This massive dump was previously signaled at the monthly chart as we saw in our previous Bitcoins updates, that showed the formation of a Spinning Top High Wave and a Shotting Star (Bearish candle patterns). On the daily chart, we can see a Bull trap in Gann, these factors moved the price to the confluence, between Gann support and 50% level of Fibonacci and touching the 200-Day moving average. Before the 38% level breakout on the daily and weekly chart, the monthly scenario could be reverted ( what didn't happen), unconfiguring bullish projections for both chart timeframes. On the other hand, following this dump, Bitcoin hash rate down by over 30%, reaching bellow 67.38 EH/s, and a massive volume of liquidation was triggered, practically a volume over of the November 2018 ($6.000 to $3.000) price drop. Further details are highlighted above.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive contents!
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
This massive dump was previously signaled at the monthly chart as we saw in our previous Bitcoins updates, that showed the formation of a Spinning Top High Wave and a Shotting Star (Bearish candle patterns). On the daily chart, we can see a Bull trap in Gann, these factors moved the price to the confluence, between Gann support and 50% level of Fibonacci and touching the 200-Day moving average. Before the 38% level breakout on the daily and weekly chart, the monthly scenario could be reverted ( what didn't happen), unconfiguring bullish projections for both chart timeframes. On the other hand, following this dump, Bitcoin hash rate down by over 30%, reaching bellow 67.38 EH/s, and a massive volume of liquidation was triggered, practically a volume over of the November 2018 ($6.000 to $3.000) price drop. Further details are highlighted above.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive contents!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
