We're going down. The current uptrend looks like manipulation to buy time so that the decline isn't too steep. I'd say to be safe, set buys to below $6k but expect that it could go much lower. A wizard knows better than to catch the perfect bottom. The charts are still on track to mimic both the earlier Nasdaq decline (2003) and the previous bitcoin correction (2014). Only difference is that with Nasdaq, a LOWER low was not seen. Considering the extra volatility of crypto, plus death cross, plus belief in other contributors, i think we will see a lower low than the $5900 or $6k
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.
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.