BitcoinShort
2018 BTC Bear Market Support Levels
I entered the market in early 2017 (BTC ~1,000) and have exited my positions (mostly trading ETH, XRP and OMG) at the orange ellipses. If support at ~6k does not hold I will be looking at the green ellipse support levels to re-enter the market. The only saving grace for BTC to kick off the next bull run eralier than anticipated would be the Wyckoff 'spring' at ~5,800 which I have covered in my previous Ideas. I am still waiting for real capitulation however. Those who entered late 2017 may have experienced this however those who entered early/mid 2017 have not experienced this yet and so I think if/when this happens there will be a massive sell off followed by a huge rebound at any of the support levels mentioned. It will be imperative to keep an eye on things and adjust plans accordingly.
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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.