BTC - Finally death zones
Updated
Everyone is waiting for a drop between 10-14k. My opinion is quite different. Bitcoin is about to break Dominance to at least 32%, which leads to a very painful drop in trading. Everyone enjoyed the beautiful carpet. It was time to watch everything fall as hard as the moment it took off.
The worst scenario that can happen is between 4-8k, where the zones are VERY weak and nobody supports them. This is what everyone who didn't manage to buy at three zeros wants the most. Circle zones are stops where the price is expected to hold and the trade goes up.
The worst scenario that can happen is between 4-8k, where the zones are VERY weak and nobody supports them. This is what everyone who didn't manage to buy at three zeros wants the most. Circle zones are stops where the price is expected to hold and the trade goes up.
Note
Circle zones - 5k and 7.8k. At the second stop, the price began its ascent. In my opinion, the 8-10k zone is a great moment to buy LONG-TERM.
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.