BTC - Capitulate much?
Updated
BTC looks like it is headed for one more drop.
Note
Getting close. Busted through long stops from end of March / beginning of April. If bears can break the low of Feb on this retracement - there will be lots of liquidity / panic selling. Would be a good time to go long and likely more capitulation. Could even test high 4ks? Really seems like there is way more liquidity on shorts right now though as overall sentiment is bearish. So maybe a short term reversal to knock out short stops up to 9k for a deeper retracement? idk man i don't fucking know. that's why buy and hodl is so appealing.
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.