Bitcoin Liquid IndexShort
BIG BITCOIN FALL? 🐻 ☠️
Updated
Hi guys,
I know most of y'all had a probably shocking week weekend (including myself).
⚠️ We saw almost a huge fall in crypto and especially Bitcoin, but should we really be concerned and worry for the future of the market?
📍 If you are a trader and not a HODLer you should always have a Plan B, both the bear and bull market can be profitable if you know how to deal with your feelings.
⚠️ As a trader you shouldn't really care about the stock and/or crypto asset itself, you should focus on making profit and know how to deal with possible chaos.
📌 In this long term regression Bitcoin's indicator we can clearly see a possible threat to lower prices (23k-25k), however the top of the channel wasn't touched and it can be hopeful statement.
⚠️ Please keep in mind that breaking 30k strong support is not as easy as it may seem BUT EVERYTHING IS POSSIBLE
🧐 But how can we understand if this support is breakable or not?
I know most of y'all had a probably shocking week weekend (including myself).
⚠️ We saw almost a huge fall in crypto and especially Bitcoin, but should we really be concerned and worry for the future of the market?
📍 If you are a trader and not a HODLer you should always have a Plan B, both the bear and bull market can be profitable if you know how to deal with your feelings.
⚠️ As a trader you shouldn't really care about the stock and/or crypto asset itself, you should focus on making profit and know how to deal with possible chaos.
📌 In this long term regression Bitcoin's indicator we can clearly see a possible threat to lower prices (23k-25k), however the top of the channel wasn't touched and it can be hopeful statement.
⚠️ Please keep in mind that breaking 30k strong support is not as easy as it may seem BUT EVERYTHING IS POSSIBLE
🧐 But how can we understand if this support is breakable or not?
Note
Note
Keep an eye on Bitcoin's dominance, it is in a very complicated place, if it continues the upward momentum it can give us a hope, but if it fails to continue to break the following resistance. We should really be careful and make decisions much better.
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