Here we are again in the same price(Our previous resistance area)!
What where you thinking back in 15/Feb? If it was too soon for you to lock in some profits as many mentioned, then you have to consider re-buy maybe?
Or maybe you know think that is going to crush hard and so, you are scared rebuying? --> Don't be so emotional!
I think that those who were hurry to buy BTC at 20K, those also were afraid to buy near the bottom!
The thing is that no-one knows where the bottom is and where the price is heading. It's all about probabilities!
I see that If we broke the current support line we have another one at around 9k. The price touched(confirmed) this line many times in the past!
There is a big probability to turn bulish after touching the support at 9k shaping the right shoulder of a big Reversed Head & Shoulders pattern.
There is another big support area (4450 - 7800) but i hope that we are not going down there.
-->This is not a financial advice. Act with caution<--
What where you thinking back in 15/Feb? If it was too soon for you to lock in some profits as many mentioned, then you have to consider re-buy maybe?
Or maybe you know think that is going to crush hard and so, you are scared rebuying? --> Don't be so emotional!
I think that those who were hurry to buy BTC at 20K, those also were afraid to buy near the bottom!
The thing is that no-one knows where the bottom is and where the price is heading. It's all about probabilities!
I see that If we broke the current support line we have another one at around 9k. The price touched(confirmed) this line many times in the past!
There is a big probability to turn bulish after touching the support at 9k shaping the right shoulder of a big Reversed Head & Shoulders pattern.
There is another big support area (4450 - 7800) but i hope that we are not going down there.
-->This is not a financial advice. Act with caution<--
Comment:
Sorry for the typos!
Comment:
Just a thought:
Writing a comment in an one month old "valid" chart is evidence that no one has just to day-trade cryptos to be profitable. Waching the markets in bigger time-scales gives you the ability to be more flexible! What an irony, right?!
We are under our trendline(~9k) but the fact that we stay close for such a big period of time it's obviously a good thing!
Writing a comment in an one month old "valid" chart is evidence that no one has just to day-trade cryptos to be profitable. Waching the markets in bigger time-scales gives you the ability to be more flexible! What an irony, right?!
We are under our trendline(~9k) but the fact that we stay close for such a big period of time it's obviously a good thing!
