“All red”. Should we start worrying about Bitcoin price drops? When we should do this exactly?

How to start understanding stock charts?

Understanding cryptographic charts is an important skill both for direct trading and predicting things that will happen in the long and short term.

  • Intermediate can last from ten days to three months. It typically retraces 33% to 66% of the primary price change since the previous average swing or the start of the main move.
  • Short swing is about changes that are related to the current market speculation, from some hours to 1 month.
  • The body shows the difference between the opening and closing prices.
  • Shadows show how high or how low the opening and closing prices went.
  • For green candlesticks, the upper shadow is the close and the lower shadow is open. Vice versa for the red ones.
  • On the second candlestick (green), the bulls retaliated with a strong rally and completely suppressed the bears.
  • This is a great indicator because the bulls are getting stronger momentum.

When does the fall in bitcoin remain volatile, and not the fall of the cryptocurrency in general?

Is Bitcoin Price Evolution a Potential Bubble?

Asset pricing is determined considering all market factors, including news feeds. The cryptocurrency market is no exception. Price movements are not entirely random. They follow trends more often. This can be both long-term and short-term change. Market analysts prefer to focus on the price of the coin rather than each variable that causes its price to change.

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