A bullish chart in this time of panic? No, not necessarily. Id say this zone is a good spot to deploy SOME of your capital and wait to see where things go, If things bounce from my buy zone, id suggest laddering in. If support breaks I can see link in the 13$ area and thats where I'd give the go to deploy cash/double down. Always remember prices can go much lower than expected, from my BTC chart posted recently i'm expecting the worse but at the end of the day it's crypto, and anything can happen!
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.