As you see ALT COINS are now having their season
BTC could go lower, even as low as 36000, but it still does NOT mean the end of the rally.
BTC could go lower, even as low as 36000, but it still does NOT mean the end of the rally.
Note
Note
Warning: Sunday night is when the Korean whales make sushi out of Bitcoin.It has started already as you see and just gets worse as time approaches midnight (USA Eastern Time)
If you use my R and S stops and have good charts to watch price at the one minute mark, you can catch the bottom of steep falls, buy and then sell before it tops out.
Be careful as sometimes the price turns around and you have to sell before taking a profit and then bear a small loss.
If you use stop-loss it works, but in two cases today I did NOT use stop-loss and glad I did not because price recovered enough for a profit.
Note
As long as BTSC does NOT fall below the orange dotted 'channel' line (lower)..... the entire bull run could continue.
But notice how things have changed since 42k
Just three days ago, didn't BTC feel like an unstoppable escaping rocket?
Today, think about how easy it was for BTC to fall back to 33800.
Reason for sell off?
Supposedly BTC miners wanted payoff.
Guess there were enough of them to change price direction.
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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.