amateur Hodler
Updated
Greetings all, To hodl or not to hodl? I'm a demo forex trader and I currently hodl some btc and a few altcoins, I don't particularly trade cryptos, but I try my best to read up on sentiment and fundamentals behind the coins to help me sell high to buy back in low, or buy low and sell high. I was looking at the chart and trying to figure out where I stand with the current BTC situation, as far as I can see on the chart, Hodling is best for now? how can my analysis of this chart be improved?
many thanks in advance!
many thanks in advance!
Note
I'm even more confused by the head and shoulder's formation, which would suggest a move to the downside is on the cards. I should also apologize for misplacing the label of the 0.786 fib retracement level. it should be a bit higher, at around 11349, which is where I would expect price to turn and rally back up if it does indeed manage to gain enough momentum to break below the 0.618 fib retracement region.
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