🅱️₿ How To Handle The Current Bitcoin Crash?Bitcoin is dropping... So let's define all the most important support levels in the short-term.
Prices are still trading within a higher low compared to the initial peak hit 21-Jan. This peak was hit at $23,345 and the succeeding low at $22,329. With the 1st Feb. peak at $24,252 we can define our consolidation range.
Between $24,252 and $22,329 Bitcoin can easily consolidate on a sideways basis.
The lower end of the range at $22,329 coincides with the 0.5 Fib. retracement level of the bullish move that started 18-Jan. and this gives more importance to this level.
On a broader perspective, Bitcoin continues super strong with many more support levels below. Any trading above $20,000 is EXTREMELY BULLISH. Patience is key.
The next important support levels as I mentioned yesterday are mapped on the chart; $21,877 and $21,231.
IMPORTANT
Opportunities come and go, not always situations like we have now repeat, of course, when one opportunity goes another one shows up but... When an opportunity is available and presents itself it is wise to consider it and even take action if conditions are met.
You can use all retraces and corrections as an opportunity to buy-in, rebuy and reload on Bitcoin and your favorite Altcoins.
The fact that the Altcoins vs Bitcoin (ALTSBTC) pairs are growing by 2 and even 3 digits as Bitcoin consolidates is a very strong bullish signal for Bitcoin.
I know that exactly at this point doubt can creep in.
I know that exactly right now people will come and tell you "I told you so", it is a fake move it is crashing... But that's not the point.
Bitcoin moved from $15,500 to $24,250 in a matter of weeks, corrections are normal but we are not seeing any.
Bitcoin is ultra-strong now and remains super-mega strong above $20,000, do not lose focus.
Continue bullish, continue chilling, relaxed, doing your thing, playing your game... When the time comes for a big crash, for a major crash... It will be 100% clear because the chart will be red and prices will be trading below $20k.
I am wishing you a lovely and productive week in this moment now.
There is always time.
There is always a second, third and more chances.
You can always breathe deeply and center yourself before taking a decision.
The market will reward those that stay in, those that buy and those that hold.
Feel free to message and/or leave comments with your questions.
Feel free to show in whatever way you prefer your amazing support.
Namaste.
