Not financial advice! FWIW! Last time we had this pattern I made a decent profit when we confirmed our support level and pushed back up - the same pattern appears to be emerging here. I was able to turn that around back into this swing and increase my HODL'ings.
Or it could be a fake-out? Will there be enough buying at just under 35k? Trade safely!
Note
Dropping down Sunday AM to test our downward trendline (as support) which would be an important point if it holds.
Note
Almost a 20% drop from peak-to-peak. Not bad if you caught the exact local top and exact local bottom so far.
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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.