We are all trying to find this BOTTOM trying to analysing every single support level. Nothing is really holding. BTC bounces on major supports, makes a week of correction and drops further.
I have been analysing and predicting BTC pretty well in the last 2 weeks. Every single logical move was pretty well calculated. The last drop tho... that was a tricky one. Even tho I've always seen a possibiliy to drop to $2800/$3000 in most of my analysis shared here, I tried to look for possible bounces in the short term. Indicators were very low. Horizontal supports were there. Patterns and Fibonacci were matching but... NOPE... BTC dumped even more.
Why? Well.. BCHSV is going up so... that to me sounds a pretty good reason to call this drop a further manipulation by the BCH side. They have probably mined BTC for the past 2 weeks to make some money and they are selling now BTC to USD in order to pay their bills and buy more BCHSV also.
It's not going to be easy to find a BOTTOM here. TA can help us only to predict the very SHORT-TERM but in order see a LONG-TERM outcome with this market... GOOD LUCK.. Too manipulated at the moment..
Please..
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Ask @luckys