BitcoinShort
Is BTC Doomed ?!?
its been several months since we broke bellow long-term support ,what now ?
well this support was around 10y old , and if breaking bellow it was not bad enough , we retraced back to it as a retracement to go even lower !!
all this happened so fast that liquidity didn't have enough time to recover , now market has low volume with reduced spreads .
in this case i only can say we need a miracle for crypto to recover and get back into this 10y.o trading range , like Apple entering in !!
this chart is logarithmic which means as time passes it will get harder for price to get into it exponentially .
i have no words to describe my grief ,"hope for the best , prepare for the worst "
well this support was around 10y old , and if breaking bellow it was not bad enough , we retraced back to it as a retracement to go even lower !!
all this happened so fast that liquidity didn't have enough time to recover , now market has low volume with reduced spreads .
in this case i only can say we need a miracle for crypto to recover and get back into this 10y.o trading range , like Apple entering in !!
this chart is logarithmic which means as time passes it will get harder for price to get into it exponentially .
i have no words to describe my grief ,"hope for the best , prepare for the worst "
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.