Observing how previous bubbles have popped, I don't think we're just quite done with the overall bearish trend of BTC yet.
Taking into considering the movement and Fibo lines, I believe BTC has to reach the 5000 dollar mark before fully recovering.
Going long right now and not having the patience to wait out the trap could mean losses.
Taking into considering the movement and Fibo lines, I believe BTC has to reach the 5000 dollar mark before fully recovering.
Going long right now and not having the patience to wait out the trap could mean losses.
Note
Crossing the 141.40% Fibo towards the 6000 dollar region.Note
The fall continues - next support @ 6260Note
Hang tight, bois. We're almost at the bottom. Once we reach 5500, buy up all the BTC that you can. We've been waiting for this.
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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.