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RE: Bitcoin (BTC) Morning Update: Will Retracement be 0.38 or 0.618 Fib Level?

in #bitcoin6 years ago

The situation of closing the candle like this, do not need to say more.
However, now it is not time to sell anything else because selling here is selling bottom.
In the night we reach $ 8300 and are forming another bear flag model, the ability to sideways and have a leg lift here before going up, the lowest candlestick price may reach below $ 8000.
The explanation for this sell-off, I would like to explain is that investors are concerned about their funds on UpBit, just that people sell to withdraw money from this floor and certainly will. Using this money continue to reinvest on another floor (Korea is an extremely crazy state because the crypto) so expect a huge rebound when the sell off this end. will update tomorrow morning at @ sonpham1997
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I wrote an overview of bitcoin graphs here.

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Thanks for the good information

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