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
After the crash last week we are only will see side way for 2 month or so. The reason is : 1. Whale acumulated phase 2. The market gaining trust first and making new support here. After that if we still in this price. We could probably see another bull run. My target for end of year is on range 100k-$120k
I agree with you, because according to PlanB what is expected for the next important bullish movement is to achieve that target at $ 100k. Then there is talk of a possible price of $ 288k, which is very possible, but it would be something great and crazy, however some factors can influence the market, in this case the FUD of important people influences a lot, we already know the Elon Musk FUD, but I think one of the biggest important beings in the world of the economy like Donald Trump said that BTC was a scam, it triggered the sell-off by some weak hands that is still feeling its effect. ´Donald Trump influences his followers a lot, and I think he can do a lot of damage, although there are also good things like that of El SalVador and that of the politician in Brazil who put laser eyes on Twitter, emphasizing that he is a totally believer of BTC.