Bitcoin - like you need another chart!
Updated
Not that there aren't already 10m Bitcoin charts on TradingView...
This type of corrective draw down after a completed motive move is not in the least bit uncommon.
It is entirely possible we correct down to 34,000-35,000, given the larger motive move that started in 2020.
We haven't even tested the 200dma yet.
At lest Mr Mannering should avoid panicking until we break the 200dma, but not in full panic unless we break 34,000.
Clearly this is not investment advice. However I will point out that this type of volatility is rarely paired effectively with leverage without the risk of meaningful loss.
This type of corrective draw down after a completed motive move is not in the least bit uncommon.
It is entirely possible we correct down to 34,000-35,000, given the larger motive move that started in 2020.
We haven't even tested the 200dma yet.
At lest Mr Mannering should avoid panicking until we break the 200dma, but not in full panic unless we break 34,000.
Clearly this is not investment advice. However I will point out that this type of volatility is rarely paired effectively with leverage without the risk of meaningful loss.
Trade closed manually
I am not a registered investment advisor. Nothing I say, or share, constitutes investment advice. Take responsibility for your risk and do your own research.
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.