Post
Topic
Board Trading Discussion
Re: any opinions about the recent btc price crash?
by
ven7net
on 18/05/2021, 11:35:46 UTC
Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

I do not use indicators in cryptocurrency trading, however, I believe that the fall in the price of BTC was due to at least two factors. The first factor is the opportunity for large players to get BTC at a low price from people with weak hands, from those who could not stand the fall and sold their BTC. The second factor suggests that in order for the BTC price to reach its maximum value this year, it is necessary to periodically lower, thereby creating a sideways movement. This is necessary in order to drag out the time until the end of the year, where the main phase of growth is likely to be. In simple words, it is too early for the BTC price to go up strongly, which means there should be another correction.