How To Identify The End Of A Trend? (My Secret Technique) - #643
Channel: Eric Muathe
Date: 2018-01-17

#ExitStrategy. Learn more about Price Action Trading Secrets. Don't Lose Your CRYPTO Gains! TOP TIPS When Exiting!! Simple Method To Find Perfect Entry And Exit Points When Trading Cryptocurrency As A Beginner. Early 2018 Bitcoin 80% Drop Prediction/Guesstimate...

We look at the behavior  of trading instruments (be it cryptos, stocks, Forex, currencies, commodities and so on) when they are in rally mode and what happens there after. 

We take a look at the potential price targets for bitcoin, and the impending likelihood of the general markets taking the elevator down as the next big general market direction.

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We also discuss Fibonacci downside price targets of 38.2%, 50%, 61.8% and 80.9% (38.2/2=19.1, 100-19.1=80.9). Now you know. 

With the current intra-day high (as of January 17th, 2018)  of Bitcoin of 19,783.06, then at 50% the downside target would logically be ~9891 (which means as of today that minus 50% price target has been hit with the low of the day for today January 17th, 2018 being at 9,231.1), should this not hold then the downside target can logically be at minus 61.8% of ~7,557, and if that does not hold then minus 80.9% would be at ~3,778.

#BitcoinBubbleBurst 
#CryptoBearMarket
#CryptoBurst

Get streaming REAL-TIME crypto streaming quotes here: https://medvedtrader.com/?source=MUATHE

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