Right Now as you see in the Chart there is pleanty of HS. Some of them being bke to the downside and one of them as this moment to be rejected or be broken.
As we are in a Baer market but still inside a Hughe Box there is a chance that even if the HS breack the lower S hold. But we can not count on that.
So the more low BTC goes is the best for we alrady sold as the Bera was alraedy idebtufied. That means that we have a better Risk Reward beacause if price drop more than 28K meanig the Box form 65K 22K is brocken wil find a bes RR not for a continuation to the Upside that could happen but to not gound ourself that at 52K or 57K a rally is rejeted very hard and we habe our account in Red
As we are in a Baer market but still inside a Hughe Box there is a chance that even if the HS breack the lower S hold. But we can not count on that.
So the more low BTC goes is the best for we alrady sold as the Bera was alraedy idebtufied. That means that we have a better Risk Reward beacause if price drop more than 28K meanig the Box form 65K 22K is brocken wil find a bes RR not for a continuation to the Upside that could happen but to not gound ourself that at 52K or 57K a rally is rejeted very hard and we habe our account in Red
Trade active
The Chart is Ok but I have msistaken some Key number. So The Box is Btw 65K and 28K.We are ala a Bear Mrk but if we braek 22K the drop will be hughe as teh Chart poimted.
There are some HS that beaing broken we have to see if there was a false brack and the cntinuation to the upside still. But thaht continution has a ot of Resietnece being yhe last 65K or the ATH. When that R is brocken we can call a continuation of the bull Market.. Right now we are seeing how deep thos Bear market will go: to the end ogf the highe Box 22K or still dow to al least around 75% 80% drop from ATH ..nothing ansual on BTC.
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.