BTC - Bottom nowhere in sight if trendline breaks
Seriously, I'm kicking myself for not taking more profit when I did. Absolutely kicking myself. Another reminder that full on HODL-til-death really isn't a strategy. At this point, though, you might as well continue HODLing. That's what I'm doing with what I haven't sold.
Anyways, that first trendline looks weak. If we hold it, then we can start talking about retesting some resistance zones. But, as of the moment I'm typing this, it looks like there's a lot of momentum continuing downward.
Next targets are 5464, 4850 to 5K region, and, if we're really feeling ambitious to beat the record for worst bitcoin dip in history, then we look at that .886 Fib line, trendline, Volume Profile confluence around $2836.
If we hit that latter one, I'm selling my soul for bitcoin.
Anyways, that first trendline looks weak. If we hold it, then we can start talking about retesting some resistance zones. But, as of the moment I'm typing this, it looks like there's a lot of momentum continuing downward.
Next targets are 5464, 4850 to 5K region, and, if we're really feeling ambitious to beat the record for worst bitcoin dip in history, then we look at that .886 Fib line, trendline, Volume Profile confluence around $2836.
If we hit that latter one, I'm selling my soul for bitcoin.
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.