I share the following analysis because of the relevance of the situation.
BTC / USD.
Bitcoin alert.
Market Crypto in panic, enters intensive therapy.
2018-05-28
Alarms are lit in the Bitcoin and Crypto market in general .. to be in previous monthly closure this market makes waters everywhere and it seems that the spirit of the Titanic seized these assets, total bleeding is observed in their values ,, command of King Crypto (Bitcoin) is accompanied by his entourage of criptodivisas that replicán with blood red dye their quotes.
Bitcoin is already some weeks in wedge that by waves would be bearish .. to not have been able to overcome the emblematic and very relevant 10,000.00 points, the bearish pressure lasts in intraday and increasingly compresses the waves, levels equal to 6.852, 90 in extension 6,616.50 +/- can be touched soon and form a temporary support that bounces the price to 8,400 in a speculative extension 9,050, where the quote could not consolidate on this R ,, would initiate a bearish subwave that every time lateralize more when you reach support of 7,000.00 and either break it with drama or with total conviction and in doing so the collective panic triggers massive sales that make you lose in a volatile way the 6,000.00 and later rush to 3,000.00 +/-, , a level that if respected would be positive for the price, because a break even greater than the 3,000 would be a true and extreme chaos, which can reach the price at such minimum levels s equal to or close to 1% of the total historical valuation that until now had this asset.
Relevant to observe that the 9,000.00 can be recovered and consolidated with volume to discard extreme bearish scenario, which would break over 90% of Bitcoin investors. for those who have few currencies, not so for the large pool of mining and Bitcoin holders in large proportions, because in the distribution of this digital asset there would be more inequality than the same world wealth in the hands of the elites.
While such a frightening scenario could make many crypts disappear, if this were to happen, it would be a market shake-up to keep those digital coins that can survive this market massacre alive.
Analysis shared seriously, considering technical and fundamental factors, which does not mean certainty of movements or investment recommendation.
Success in trading
