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Bitcoin Price Analysis: More pain ahead.

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More tears among investors as the dip keeps dipping, but before we get to the analysis, do you know what caused this dip?   #citadelscandal #UST I hope you know Luna is now $0.00, 100% down, my condolences to the investors.  Checking Bitcoin's Weekly chart, we saw a sharp break below the critical $28k support now we're back at the levels of $29k. According to me, we still aren't out of the woods yet, I see a possibility of price hitting as low as $18k as I have marked on the chart above and that to me is where if the price reaches I will start being buy biased. I think in probabilities myself that's why I'm bearish even now, the price is more likely to keep falling than to start a reversal now.  Here' s my daily chart, I see a retest, I am very bearish on this pair. I have made a good amount of money obeying what the price is showing me since the fall from $45k and that's not something I'm about to quit. I would really not be shoc...
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Here to explain why the stock market is crashing and why you should be concerned as a trader

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In the last press conference of the Fomc Jerome said they're trying to achieve a "soft-ish landing". In my opinion according to my research a soft-ish landing means artificially crashing the market (as we are seeing now) so that when the actual depression kicks in it won't come as much of a surprise therefore the market will not tumble any lower than how low it should go.Think of it as a goat poisoning itself right before its slaughtered.  "I'm a Forex trader. I trade currencies & Gold, how is this article relevant to me?" Simply put, an economy isn't an economy without goods & services. Therefore, companies provide these goods and services thus making up the stock market and a country's economy is controlled by supply and demand for goods & services and the medium of exchange is a country's currency thus a stock market especially the US stock market has a direct influence on the exchange rate not just of the dollar bu...
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What Next for Crypto??

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The 'Cry' in 'Crypto' is clear now more than ever as investors are shedding tears having lost over half their money on Bitcoin having bought the $68k top. Adding on to the fact that actual buying price is usually about $2k higher and in some cases even $5k more, all the more reason to cry harder. In my view, I expect a deeper decline to $28k, then from there onwards there should be a good reversal at that low, even if it's a deadcat bounce I honestly expect something like a retracement at least. The $28k mark is a key support level as you can see looking left in the past & even in last year's bear market that's where the price reversed & the bull run resumed and a new ATH was made, this time I can't exactly say that I expect a similar situation but what I do expect is a steeper correction. I day-trade on bitcoin especially during such major price movements because the short-term continuation patterns that form especially on weekends a...
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