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❓ASK BITCOIN Correction Over?

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defi369

defi369

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Yesterday #Bitcoin dumped 20-25% + from 42,000$ All Time High, what you guys think correction is over or we wait for more dump to buy??
 
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defi369 said:
Yesterday #Bitcoin dumped 20-25% + from 42,000$ All Time High, what you guys think correction is over or we wait for more dump to buy??
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Lots of financial experts and financial institutions as been lamenting of bitcoin been overbought, they are warning Investors of major crack so this is giving me concern of more dump than surge
 
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The correction movement is not quite over I think. As far as I watch the transactions made on the Binance exchange, I still see that the bear-bull struggle continues with all its violence.
 
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Personally if I would invest now then it must be short time and within the window of $30 to $32k then trade off at $35k then reinvest till the wave is directional.
 
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I think it is still difficult to answer this question clearly. There is no price break in a certain direction and bitcoin seems to be stuck between 32-36 thousand dollars prices.
 
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De-rector said:
Lots of financial experts and financial institutions as been lamenting of bitcoin been overbought, they are warning Investors of major crack so this is giving me concern of more dump than surge
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In forex trading, when the technical indicators like RSI indicates a commodity has been overbought, it gives a signal to traders that the price of that commodity will soon decline. I think presently bitcoin is at that stage.
 
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sagefave said:
In forex trading, when the technical indicators like RSI indicates a commodity has been overbought, it gives a signal to traders that the price of that commodity will soon decline. I think presently bitcoin is at that stage.
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Yeah , I remember you shared opinion as regards the RSI which is already happening to bitcoin, it has not gone beyond $36k for days now.
 
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Technical analysts talk about many indicators. When they say a buy signal for an indicator, they say there is a sell signal for another indicator. But I still want to follow these analyzes.
 
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It seems the correction is still going on, even on the 22nd. With Bitcoin price going as low as $32k. Would it drop further than this?
 
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