Chart says it all.
I'm looking for a capitulation style sell-off that could reach about $8,000.
Look at the sell-offs from 2500-1800 and from 3500-2800.
EMA 850 looks like a very strong bounce line but we can dip slightly below it.
The one thing I'm worried about is the lack of real support since we pushed through 7k very fast.
Let's see what happens.
Don't invest what you cannot afford to lose.
Don't over-leverage.
I'm looking for a capitulation style sell-off that could reach about $8,000.
Look at the sell-offs from 2500-1800 and from 3500-2800.
EMA 850 looks like a very strong bounce line but we can dip slightly below it.
The one thing I'm worried about is the lack of real support since we pushed through 7k very fast.
Let's see what happens.
Don't invest what you cannot afford to lose.
Don't over-leverage.
Note
I watched it dip to 1800.I watched it dip to 2800.
I watched it dip to 8000?
I think this will happen.
Note
Alright ladies and gentlemen. Let's do this.I'm scaling in with 3x margin from 9k-7.5k.
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Tut tut bitcoin.Anemic bounce so far.
Note
Note
BTC made a H&S that gives it a target of 9k. A double bottom is unlikely to hold so I'm sticking with my initial idea of 7k being the capitulation bottom.
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Disclaimer
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.