BitcoinUpdated State of Bitcoin
Hello.
I believe Bitcoin has to break out of this arc, else i propably think that we are in the beginning of a 80% or worse Correction.
If we break the red zone, i think we could still rally to 100k altho the recent drop propably wasnt a good sign.
Be ready for both Scenarios!
DYOR and please leave a like :)
Only invest what you can afford to loose!
I believe Bitcoin has to break out of this arc, else i propably think that we are in the beginning of a 80% or worse Correction.
If we break the red zone, i think we could still rally to 100k altho the recent drop propably wasnt a good sign.
Be ready for both Scenarios!
DYOR and please leave a like :)
Only invest what you can afford to loose!
Note
With risk management aka stoploss this would propably be a good short/hedge setup. Even if we are bullish we should bounce off the red zone once before breaking it. After this rejection i would put sl in slight profit, atleast that would fit my trading stlye and ill propably enter a short there, just in case.Note
well red zone is out of reach now.Note
just touched the arc, lets see what happens.
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