BTC in the UH OH Area. The FUD is real. 😭 for BITSTAMP:BTCUSD by zAngus

BTC in the UH OH Area. The FUD is real. 😭

Broken below the support area and right through below 40k with a big fat candle.

Will be interesting to see if their is a minor rally, or if we start to see peoples stops getting hit. If we get a waterfall of cascading stops that could build some downside momentum.

Next stop might be 37k and after that who knows.

You still bullish or bearish? Biggest question though - what is everyone else ;)

Note

Bit of a worry that attempt at a break failed so badly and couldn't even make a new high.

Note

And there we have it. Complete breakdown once that support had failed and it did indeed hit the next support at 37k as expected.

zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o

Also on: