Bitcoin still looks strong if you’re smart enough to zoom out. Here’s my bearish scenario before we switch back into bullish mode.
Looking at the entire rally on the daily timeframe, the Golden Zone sits around $75,000 (+/-). That would be roughly a -30% to -35% drawdown in total.
I hope I’m wrong, but it’s worth keeping an eye on. Buckle up.
Looking at the entire rally on the daily timeframe, the Golden Zone sits around $75,000 (+/-). That would be roughly a -30% to -35% drawdown in total.
I hope I’m wrong, but it’s worth keeping an eye on. Buckle up.
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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.