Now, with that said- lets get down to the numbers
Simply put, check out the dark red channel that will serve as the red carpet arrival to Bitcoins $5400 mark.
WARNING;;; there is a heavy chance that we will see some form of resistance at these places:
- $6000 mark-
- $5780 mark-
All 3 of these marks (marked in orange on the chart) stand as one of the swings that formed a resistance to the price continuing its progression within this bear market.
+++PLEASE do not fall for the bear trap at these reversal levels+++
In closing, (HERE IS A LITTLE BACKGROUND) ::: I want you guys to know that I am an avid believer in the bright future of cryptocurrency. I was once a proud "HODLER" myself until I couldn't take checking my blockfolio every two days to see another 2k down the drain. Just like you I was convinced that, "you don't take a loss until you sell" - which is true. However, I have been shorting the market since the 7.8k mark and have made my losses back plus a healthy amount on the side. With this large amount of extra money in my trading account, I can now buy back the market once the regulators come- until then... I will be collecting and hope you guys decide to as well.