Probability of hitting another red day is much lower as we are finding support on this fib line. Expecting a bounce here for a quick trade.
With Bitcoin below profitable levels for miners, they will also begin dumping to offset risk. It will take years for it to regain confidence, if there is not a government-backed crypto by then. In my opinion it's not worth the risk to be invested in cryptocurrency at the moment. If the $4-$5000 level is not defended, I can forsee it reaching $2k to $4k which I...