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(Technical Analysis) Uncertain China Causes Bitcoin to Crash Again!

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Free Ultimate Guide: https://cryptocoinmastery.com/free-cryptocurrency-training-yt/ Facebook Group: https://www.facebook.com/groups/CryptoCoinMastery/ The news kills the cryptocurrency industry. Over the past week, coins have crashed because of the regulations that China has been putting on the industry. The price of Bitcoin is all about acceptance and liquidity. People need to be able to use it in a real world scenario. Technical analysis is able to prove that this dip is not completely unexpected. Bitcoin has done nothing but go up and the "crash" that we are experiencing is completely normal. When I go and look on Facebook, I see so many posts that claim that this is the end of Bitcoin. I want to make it clear that this drop is completely normal. In this video, I show exactly what you need to be doing to protect your gains.  The market is currently down about 30% from the all-time high of Bitcoin. Most people forget that 30% drops have happened multiple times in the past. About 3 months ago Bitcoin dropped 30% and then went on to read it's all-time high. The cryptocurrency market is volatile and investors need to understand that drops are going to occur. As an investor, you need to focus on your strategy and stick too it. If you are a trader, you should be out of the market currently. You should be waiting for the next low point so that you can get some cheap Bitcoin. I would continue to wait because the low support line is about $2800. If you are holding Bitcoin for the long term, turn off your computer and wait. The price will bounce back and you will be happy again in a month or so. https://cryptocoinmastery.com/bitcoin-china-crash/
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Text Comments (11)
Sean Nguyen (1 year ago)
what are you talking about? , the chinese going to buy when they see this cheap price? NO they has been dumping their coin because gov shutting down left and right their exchange, they don't wanted their $ sending out without oversee. bitcoin at $1.8K and china pumped this coin up to 5k. without people's china , this thing going to drop back to >2200. eventually it will go up and will not be the same anymore.
Razor (1 year ago)
3k now the price is fucked
ghads31 (1 year ago)
this will continue until 22 October.. (2500 - 3000) low..... Q1 of 2018 things will pick up again..Buy low to average out your entry....
JimineyCricket (1 year ago)
we have to remember the end game. Crypto is the future. I listened to some guy-forgot his name- he said it took 400 years for paper to replace gold, it took further 50 years for credit to be implemented with paper, It will take another 15 or so years for crypto to replace paper. The world has changed. Money needs to be faster and immediate. Cryto is the way, Im buying more XRP, btc, tenx, omg and qtum. great op. I reckon the chinese govt and officials have orchestrated this fall and waiting for the opportunity to buy in. Bitcoin and crypto is probably the only asset that may get them out of their debt crisis.
J-DUNN (1 year ago)
Sell bitcoin this stuff will go to $1,000
Aniket Kapse (1 year ago)
I just bought in at 3400$ man.. Im worried sleepless now.. Hopefully it won't go below 3k now
Aniket Kapse (1 year ago)
Ash Vecchio that's exactly what I'm hoping for now. Lesson learned; never be drunk while buying Bitcoins.
JimineyCricket (1 year ago)
I wouldnt worry, this happens all the time. I bought more.
Ash Vecchio (1 year ago)
Aniket, will hit 3k range before it breaks ATH. You should be able to get out on a bounce at a 3500 resistance..
Sean Nguyen (1 year ago)
NO, this guy doesn't do his homework, bitcoin will big impact because China Gov , There is big exchange (BTCC) in china closing down in two week, the bitcoin sold cheap at $ 2882 /bitcoin , go look at market in BTCC , he an idiot he shouldn't talk about any coins, he has no clude .
Paul G (1 year ago)
I am not worried. Bitcoin will change the game

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