BTC is bleeding. Tbh, nothing unsuspected after such a short term bull run. However, as we couldn't make it thru the 61% fib and were unable to hold the 50% fib from the last ATH.
For now and as long as BTC is not pushing over $10.8k sustainably, I am a bear and my next targets for long term entries are as indicated by the green arrows.
I am going to double down the road, maxing out the 78% if I got an opportunity.
Take care guys
For now and as long as BTC is not pushing over $10.8k sustainably, I am a bear and my next targets for long term entries are as indicated by the green arrows.
I am going to double down the road, maxing out the 78% if I got an opportunity.
Take care guys
Note
Also note where the 200DMA is at (thick pink line)
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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.