Reasons for going down:
- Macro is a disaster
- FED relentless rate hikes
- Scams after scams after scams
- Bitcoin dominance still pretty low
Reasons for going up:
- Monthly RSI is ridiculously oversold, like never before
- All crypto youtubers are calling 12k or lower
- Mainstream is calling that crypto is dead (again)
- Most are bearish
- The chart line I have drawn looks lovely
Disclaimer:
- Don't take this chart to the bank
- I am as far as Pluto from Earth to being a financial advise (Not financial advice)
- Just a random guy who likes to look at trading view (that too with a basis free account)
- I am nowhere close to a crypto millionaire, so slap yourself (twice) if you blindly want to follow this suggession
- Do your own research (maybe like 10 times before dipping a pinky in the current market)
Best of luck and try to be the contrarian, it WORKS more than it DOESN'T