Hello,friends :)
I hope this Idea never accomplishes,otherwise we're doomed.
1)Check the weekly RSI,below 50 = downtrend.
2)We are below 50 EMA,very bad sign.
3)We struggle to go above 0.61 Fibbonaci.
If we fail to breake this triangle up,it is " Finito la comedia"
I hope the Bull gods won't let that happen but be carefull about your long entry or purchasing altcoins.
Personal advice: Let a few % pass by you instead of regreting later.
Yours,always wrong:MrDorea
I hope this Idea never accomplishes,otherwise we're doomed.
1)Check the weekly RSI,below 50 = downtrend.
2)We are below 50 EMA,very bad sign.
3)We struggle to go above 0.61 Fibbonaci.
If we fail to breake this triangle up,it is " Finito la comedia"
I hope the Bull gods won't let that happen but be carefull about your long entry or purchasing altcoins.
Personal advice: Let a few % pass by you instead of regreting later.
Yours,always wrong:MrDorea
Note
It will go to 7680 and dump hard,do not fomo! In case it goes up,make your buys above 7820
Note
We broke a pattern that formed for 6 months.If you believe it will bounce up now,we have big problems.
Check the weekly RSI,under 50,strong downtrend continuing.Too much room to go down before we reach a certain bottom.
Do not get caught in 200$ bounces.
I am not buying anything untill a new trend is formed.
Note
Strong downtrend.Next supports 5.5, 4.4, 3.0Note
We might get a bounce at 5470,from the 100 EMA but that is our last hope :) In case it drops further: 4.4 is on the cards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.