This is a follow-up to my post last week on the Weekly chart pre-halving. Now last week I said we'd get a dump on the Halving event, which we did with some good volume on the bears side. Bulls held and retested the previous highs with weak volume. Daily, imo, shows a Double Top. The weak bull volume and RSI are my red flags. If you swap it over to the Weekly you'll get an even better overall picture.
As it stands, the Support level I'm looking at is around $7-6.8k (popular zone during the 2018 bear market) with $6k being the Bulls final stand. That said, anyone who's been in the game long enough knows what usually happens after the big dumps.
I'm still holding my long term positions that I've accumulated in every dump and have some cash on the side ready to buy. Be patient and let the price come to you.
Weekly Chart
As it stands, the Support level I'm looking at is around $7-6.8k (popular zone during the 2018 bear market) with $6k being the Bulls final stand. That said, anyone who's been in the game long enough knows what usually happens after the big dumps.
I'm still holding my long term positions that I've accumulated in every dump and have some cash on the side ready to buy. Be patient and let the price come to you.
Weekly Chart