Hey steemin How are you all??
Hope you are preparing for fresh entry as Bitcoin is now trading 6207.84$ , it came back where it is started few days back..
After massive crash 2367 points their are a lots of panics has been whirling around, but as a trader believe us we need such extremely value able situation where we can take such opportunity to grab bitcoin again for few more bucks.
before starting analysis lets start and have a look on charts where bitcoin finished their move after a making rally...
and we left off for few more days for not tracing mood........As we know or predicted that it will gonna be crashed at least 61.6% i.e 7553 level!!!
There are few reasons that might drag down or pull back bitcoin down or make crashes....
- Bitcoin ETF postponed till 30th sept 2018
- Huge profit booking may another reasons to crash bitcoin as it was downtrends since last 2-3 months
3.Another reasons may be that some dis-balance regarding crypto market and SEC decision may kill the rally...
4.Last but not the least Market manipulation Biggies are one the culprit who can pump and dump any markets any instruments with their huge money power.. so we can't over ruled that super power to do this things right??
so this my few points which I have digged out ... please don't forget to share your own reasons that crashed bitcoin so badly...................