At 4.40pm UTC a FUD spread across the crypto community just because a first generation bitcoin miner moved his mining rewards from one wallet to another, leading to a panic selloff (i love this space lol), well now we lost our trend line which was supporting the price all the way, what next? currently price trades around 9540 , as the support at 9.2k was able to withstand the dump, nevertheless until we regain 9.7k, a drop further down should not be dismissed, meanwhile i am currently long at 9290 with a very tight stop loss at 9.4k, (100x) target is 9.7k all things being equal.
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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.