BitcoinLong
Bitcoin and entire Crypto bloodbath, optimal long entry area
Updated
As explained in the chart.
Fib retracement of 0.618 extremely strong support level, almost perfectly hit by BTC price. Strong signs of reversal with high volume spike, RSI oversold, market capital of entire crypto market rapidly going back up.
What a ride. Still expecting a parabolic rise after this correction.
Corrections in a bullish wave are healthy and necessary for sustained growth.
Buy the blood, sell the greed, and never overstretch your financial limits. DO NOT go all in with your housing mortgage and stuff!!
Taking up too much risk will make you prone to terrible decisions while trading/investing (example, selling the dip at 11k) Stay strong mentally, and you'll realise that you WILL grow STRONG FINANCIALLY
Parabolic outlook remains intact. Note, I did not show support levels in my previous post, only a rough sketch of the overall market trend in the med to long run :)
Fib retracement of 0.618 extremely strong support level, almost perfectly hit by BTC price. Strong signs of reversal with high volume spike, RSI oversold, market capital of entire crypto market rapidly going back up.
What a ride. Still expecting a parabolic rise after this correction.
Corrections in a bullish wave are healthy and necessary for sustained growth.
Buy the blood, sell the greed, and never overstretch your financial limits. DO NOT go all in with your housing mortgage and stuff!!
Taking up too much risk will make you prone to terrible decisions while trading/investing (example, selling the dip at 11k) Stay strong mentally, and you'll realise that you WILL grow STRONG FINANCIALLY
Parabolic outlook remains intact. Note, I did not show support levels in my previous post, only a rough sketch of the overall market trend in the med to long run :)
Note
The recovery is strong in this one. Fib retracement FTWHappy weekend guys!
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