How Long More Crypto Prices Will Fall?
Since cryptomarket cap hit $832billion early last month, there is a severe correction in crypto prices. Bitcoin down from 20K to 6K and same has happened to each crypto's price.
But how long more this correction (crash) should last?
I think we have bottomed at around $280Billion market cap and we just need to break above $440Billion market cap. This can happen in next couple of days!
Below is the falling channel pattern for Crypto Market Cap and which I think is a bullish one. Once the market cap breaks this pattern there will be big upswings!!
I am not a professional analyst, but this is what I think personally based on my little charting experience.
What do you think about crypto prices in coming days?
How long? Usually line goes up in March, @mathworksheets. No worries :)
Yes my dear friend @lighteye, I think we need a strong consolidation base here to get further gains.
Interesting. The big thing to me here was on Tuesday the SEC said it would take a light hand in regulating crypto. Thats a big positive I think.
Right dear brother, that one is big positive news for cryptos and contributing to recent price gains!
We're looking at at least 2 months before BTC goes above 10k again. I still think it will drop in price again, but it needs to do it before the CNY. If we make it to CNY w/o another drop it will probably hodl between 8500-9500 until late spring early summer.
Thanks for your input dear friend @geggleto. You are right, markets still can further drop from here. Let's wait and watch how CNY new year unfolds.
Well i think the bottom is found at the $6K resistance and it pulled up from there but this could be a trap to buy more and more i will few days to see it more stabilise under the $8 -$9k RANGE
Right now BTC is holding in the range you said, let's wait and watch, @blazing.
I'm so frustrated. I think market price will be ok soon. Thanks for your post
Yes it is frustrating a little but no worries as @lighteye said :))
Maybe you should study a little bit on the elliott wave.
I feel that this whole move down is a big corrective wave 4, but is it already over or is the move from top to bottom just a wave A of a wave 4?
https://www.tradingview.com/ideas/elliottwaves/
Thanks for the link my dear friend. I did study Elliott Waves a little long ago. I hope wave 4 is over!
I think it does not go down anymore. BTC landing point was at $6k.
Looking that markets are holding their gains from the bottom for now!
yes friend now crytocurrency correction is going😊
It will continue to rise and it will be sustainable , i believe .
Thanks A Lot for your blog. Please upvote me ;)