BTC is perfectly fitted in a daily channel and reacted well to the bottom line. Now if we lose the bottom of the channel there's a strong weekly trend line (red color) next to it with which we can hope that there won't be a "huge price drop" anymore. I think the price already dropped significantly and the "Fear & Greed index" is showing small numbers which means people are maybe too fearful about this and in reality it's not that bad! so what happens in these situation? Big rallies upward!
I think it's most likely to go up and perhaps we can see the targets shown on chart measured with Fibonacci Ex in a month or two.
In that case now is a good time to buy. I don't think we're gonna see these prices ever again! BTC is a very valuable asset, some people are even talking about a BTC = 1M dollars in the future, so long story short, let's try to take profit from it.
I'll be glad to have your comments on this guys.
I think it's most likely to go up and perhaps we can see the targets shown on chart measured with Fibonacci Ex in a month or two.
In that case now is a good time to buy. I don't think we're gonna see these prices ever again! BTC is a very valuable asset, some people are even talking about a BTC = 1M dollars in the future, so long story short, let's try to take profit from it.
I'll be glad to have your comments on this guys.
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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.