hello all,
The war came today to confirm the certainty, we are in BEAR MARKET.
-Bitcoin returned to trading below the original uptrend line for more than a week, and within a clear descending channel.
-It is heading downwards towards the middle of the channel to meet its first support line at the last bottom it reached on
Jan 24 at 32917.17, intertwined with the channel's mid-line.
-In my opinion, this intersection will not withstand the pressure of the war, and we will go to the Corona bottom areas below 30,000, in the best case.
what do you think?
The war came today to confirm the certainty, we are in BEAR MARKET.
-Bitcoin returned to trading below the original uptrend line for more than a week, and within a clear descending channel.
-It is heading downwards towards the middle of the channel to meet its first support line at the last bottom it reached on
Jan 24 at 32917.17, intertwined with the channel's mid-line.
-In my opinion, this intersection will not withstand the pressure of the war, and we will go to the Corona bottom areas below 30,000, in the best case.
what do you think?
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.