BTC has stayed below the previous support for two weeks. It’s only a matter of time before a drop further to the downside. I’m not a financial advisor, but you must keep in mind 3 factors that confirm more bleeding for BTC.
1. Downward Trend (Heiken Ashi multiple weekly red candle closes)
2. No support (broken support).
3. BTC has always corrected 80% from its ATH. Right now, BTC is only at 44% from its previous ATH.
1. Downward Trend (Heiken Ashi multiple weekly red candle closes)
2. No support (broken support).
3. BTC has always corrected 80% from its ATH. Right now, BTC is only at 44% from its previous ATH.
Note
Edit: BTC has always had a correction of 75%-80% (ATH CLOSE) and now BTC is currently down to 69% from its previous closing ATH, couple days after I posted this. I know what I'm saying. We're in the denial phase of the Market Psychology Phase, so if you're a moonboi, you'll end up getting wrekt pretty soon.
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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.