Bitcoin: 8 Months later
-Bitcoin is crashing slower than expected; (uncorrect time frame)
-Bear market might last longer than expected;
-Crucial support was crucial, Bitcoin rested above it and retested it way more than i would have expected;
-Once support broke Btc immediately dived, to form a bear flag around 5400;
-Then Btc went to the 3.500 and bounced;
-The time frame was not correct;
-The bear market effect makes me think that prices are possibly headed to lower targets (*prepares his crypto Stockholm syndrome*)
I have zero idea anymore to where it is headed too, but you can find possible supports on my previous ideas.
Original Idea:
-Bear market might last longer than expected;
-Crucial support was crucial, Bitcoin rested above it and retested it way more than i would have expected;
-Once support broke Btc immediately dived, to form a bear flag around 5400;
-Then Btc went to the 3.500 and bounced;
-The time frame was not correct;
-The bear market effect makes me think that prices are possibly headed to lower targets (*prepares his crypto Stockholm syndrome*)
I have zero idea anymore to where it is headed too, but you can find possible supports on my previous ideas.
Original Idea:
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.