As indicated earlier, I expected that 
BITCOIN could still make a significant correction.
Just didn't hit the box, but fib 1,618 extended and correction back below bullish resistance.
For now I don't know whether we want to complete the correction or whether we have now found rock bottom.
I think that after yesterday we are really scared and that we are not quite ready yet.
The only thing I want to say is that I am certainly bullish for the long term, but these bloody days are really necessary for the big bull run. Buttocks together and hold on.
As soon as you sell and or your stop-loss is hit in a declining market, it only means that others will run away with your money. Of course I provide trade safely and control over your portfolio.
Be kind to the world and each other!
BITCOIN could still make a significant correction. Just didn't hit the box, but fib 1,618 extended and correction back below bullish resistance.
For now I don't know whether we want to complete the correction or whether we have now found rock bottom.
I think that after yesterday we are really scared and that we are not quite ready yet.
The only thing I want to say is that I am certainly bullish for the long term, but these bloody days are really necessary for the big bull run. Buttocks together and hold on.
As soon as you sell and or your stop-loss is hit in a declining market, it only means that others will run away with your money. Of course I provide trade safely and control over your portfolio.
Be kind to the world and each other!
Trade active
Just a small addition. The box was the idea in the first place. But it wouldn't surprise me if we dive a little deeper to the fib 0.382 around the value of bitcoin at 97,500.
The goal remains even after this. Correction complete and new ATH as a result.
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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.