It seems that it is a bit slower. Supports lost for now
Spected to recover supports one by one.
Two supports gain this year. Negative Resistance stable since the big drop. Bounce should happen next weekend. It should'nt go higher than 1.38.
If this support is not remove within today, we can spect bitcoin to remain between 48.7k and 49.9k.
As long as there is no big movements, 2.3k of margin. We are at the top.
It will keep down and repeat the pattern one more time.
For thos who follow, have any one got profit from this massive fall? Please, share your thoughts, how did you predict it.. what variable made sense..
I have to admit it.. I suffered this time. The last super fast fall was unexpected. Yet, it seems that the bounce outside the support line is back on track. But keep a dosis of distrust, as a precaution.
There is logic behind. Most of the times, where the path reaches the top, follows waterfall. Rizes at 11AM, drops at 9PM. Always at an average of 36.5K, with variance of 700 U$D. Tough short margin ahead.
Not to panik! If you have open positions on BUY at 36k or higher.. patience my friend!
Watch out for this crossroad, BTC grew 1k in a few hours. This may set a new base, or it may fall, either way, wait for your long positions until new trend is stablished.
We lost a support line. I spect stabilziation at 36k with variances of 500 U$D. Beware of big movements on china and new york wake up time.
I have positions waiting for the fall down to 36k. Is a risky invesment. But the stright line feels intended.
On January 11th we saw how the support base broke apart and dropped down to the support stablished on December. I believe that right now we are transitioning to 42k, and BTC will reach the milestone on Janueary 21th 11PM UTC. I do not recommend long positions with stop loss. There are big drops (usually on New York and China wake up time :D ) that may harm your...