Bitcoin BTC 1 Hour Update
Bitcoin...down, down, down
We keep breaking resistance and forming many new supports
I dont believe we are done with this bear correction, this is still a slow and painful grind
Atls are bleeding like a bloodbath
Watch for:
Bear flag forming
Bear trend still in tact
Testing .786 Fib
Candle under BB
If we break $5900 support then $5500 is most likely the next target
If we can hold $6400 then $7120 is possible
If $6
Overall:
You should have been in FIAT a long time ago
If you have Bitcoin, I wouldn't sell if you already didn't
Think of it as a longterm investment now
We keep breaking resistance and forming many new supports
I dont believe we are done with this bear correction, this is still a slow and painful grind
Atls are bleeding like a bloodbath
Watch for:
Bear flag forming
Bear trend still in tact
Testing .786 Fib
Candle under BB
If we break $5900 support then $5500 is most likely the next target
If we can hold $6400 then $7120 is possible
If $6
Overall:
You should have been in FIAT a long time ago
If you have Bitcoin, I wouldn't sell if you already didn't
Think of it as a longterm investment now
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