Hello, dear members of LeoFinance!
Today, I just want to share my point of view on the current Bitcoin's price pullback. Actually, I will just post one chart (BTC/USD in the 4-hour time frame):
... and one illustration that PlanB posted a few hours ago on Twitter:
I think this everything is clear! It (the chart + illustration) is self-explanatory.
To be continued ...
As of the time of writing, one Bitcoin costs $54,355.42 on the Bitstamp crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14,5 years, and as a cryptocurrency analyst for the last 3,5 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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Все больше убеждаюсь в абсурдности стопов в криптовалютном мире.
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Поетому я всегда говорил: "В криптовалютном мире шортить или торговать с leverage = харакири". Сейчас (CEXs) заберут деньги у всех рисковых трейдеров и потом все наладится.
CEXs - что это? Спросил у гугла, а он мне какое-то аниме показывает :)
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Centralized Exchange = CEX
What does TA stand for in the title?
TA = Technical Analysis (Технически/Графически анализ)
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Ясно. Мерси 🙂
Моля!
Thanks (from here too!)
Thank you!
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Thanks for the post. I like that channel. Like you, I'm looking to see if it breaks below the channel or turns back up.
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I think it is going up ... probably, $60 K next week.
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I think so too. I think this was just a quick correction.
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Thank you!
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@cryptospa your analysis are awesome...
Thank you!
Your level lowered and you are now a Dolphin!@cryptospa, sorry to see you have less Hive Power.
Check out the last post from @hivebuzz:
Very true. I think this 'flash crash' wipes out a lot of the highly leveraged traders before continuing the move up as well.