A garley pattern has been negated. The price has broken below the previous low.
I have sustained, but cut, my loss. Roughly 4% loss, i have.
In this event, i think it would be wise to stay out of the market for the present. Because the price breakes the support level, it may go down further.
I anticipate 330 dollars, or 2000 Yuans, but there is no categorical warrant that it stops there. It is possible that it enters 200's, but that is less likely
Currently i have gone short a small portion of my asset at the price of 2140.
It is not advised to buy just because it has fallen too much.
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.