It seems that things are going totally different than in the previous history of Bitcoin.
And now that FTX has gone bankrupt everything gets even 'gloomier'.
Here is a very probable target ... the .618 retracement of HTF swing LOW to HTF swing HIGH.
IF (!) we drop lower, somewhere around 10K is the ultimate bottom, for the time being ;)
If not, we should head back above 20K this month, so the charts will look more optimistic again.
And now that FTX has gone bankrupt everything gets even 'gloomier'.
Here is a very probable target ... the .618 retracement of HTF swing LOW to HTF swing HIGH.
IF (!) we drop lower, somewhere around 10K is the ultimate bottom, for the time being ;)
If not, we should head back above 20K this month, so the charts will look more optimistic again.
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.
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.