BTC - Tune out the News
Too many "traders" writing up doomsday pieces and spreading FUD on Winklevoss ETF rejection. Tune it all out.
The sell off over the last three sessions has been quite mild and well mannered given the previous move, as we retest Support 1 and Support 2. If these levels hold, I believe the bull case remains strong. If these levels fail, specifically Support 2, we may be in limbo for a period of time, as we slide lower or consolidate, while new levels and patterns develop.
For now, holding tight. Watching for daily close. Want to see if support levels hold.
The sell off over the last three sessions has been quite mild and well mannered given the previous move, as we retest Support 1 and Support 2. If these levels hold, I believe the bull case remains strong. If these levels fail, specifically Support 2, we may be in limbo for a period of time, as we slide lower or consolidate, while new levels and patterns develop.
For now, holding tight. Watching for daily close. Want to see if support levels hold.
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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.