Bitcoin (BTC): Hanging Off A Cliff
Updated
BTC is currently the equivalent of hanging off the edge of a mountain. One wrong move and Drop.
Anyone who has followed me for some time has seen this chart and most likely knows its significance.
These levels are extremely important and have proven this over a long period of time.
Here is the Marco perspective for reference:
One thing I will touch on is the Volume or the lack thereof.
We have seen no event that has triggered an accumulation bottom and in fact, volume continues to dissipate.
So to say we are at some significant bottom would be a stretch, to say the least.
There are also very shady things going on with LUNA and Stable coins which I encourage you to pursue information about.
Let's see how it plays out!
Remember this is a medium-term outlook, for short term Analysis check out this one;
Anyone who has followed me for some time has seen this chart and most likely knows its significance.
These levels are extremely important and have proven this over a long period of time.
Here is the Marco perspective for reference:
One thing I will touch on is the Volume or the lack thereof.
We have seen no event that has triggered an accumulation bottom and in fact, volume continues to dissipate.
So to say we are at some significant bottom would be a stretch, to say the least.
There are also very shady things going on with LUNA and Stable coins which I encourage you to pursue information about.
Let's see how it plays out!
Remember this is a medium-term outlook, for short term Analysis check out this one;
Note
Have updated my BTC View. I know I've posted a new chart on BTC every day the last few days but this environment calls for it. Takes immense adapting to survive here:
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