Quote from: Natsuu on Today at 10:08:14 AM

Quote from: SacriFries11 on Today at 10:05:03 AM

Quote from: luckypiglive on April 23, 2021, 03:17:23 PM

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

Yes, I agree. China recently statement affects the current situation of the market. I think they are doing it for something. They already banned cryptocurrency and yet they released again a news regarding the cryptocurrency which is very bad for it. Elon Musk recent statement about the environment concern in mining cryptocurrency and the same reason of Greenpeace that they will no longer accept BTC donation. In the time like this, selling is not the option. It’s either you buy the dip or hold until it recovers.

China had been banning crypto since 2019, and I don't think the recent news has any great effects in the market right now. It just happens to coincides with the "Elon Musk" and "Tesla" news recently.

Though if we are talking about a low price crash after the elon musk news, then maybe there is.

Is this a real coincidence of the market or some mysterious department that has arranged the events piled up in the most logical way? This is the question that the crypto community is very suspicious and worried about, this collapse seems to be the general guideline of large investors, ask them to take profits quickly and force the price of bitcoin to drop after the great emotions it brings. Elon Musk opened the show and China ended according to their wishes, when fear was covering the market, many people were no longer awake to understand more about crypto