BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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If we brake the historical support, we could see this kind of downtrend.
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+1 Reply
fibinvest YasinDemir_BTC
@YasinDemir_BTC, Yeap. I forgot about this chart. Thank you for reminding me. I gonna canceled this trade.
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Agreed, but that log scale support line has been tested over the long term and has held true. I expect it will continue to hold. If it doesn’t, yes, it’ll be serious. I think the doomsday expectations are born out of the fear in the air and aren’t likely to materialize. I could be wrong, though. My call - bounce off of the trendline and head up. Catch everyone off guard.
+1 Reply
fibinvest TheGush
@TheGush, It didn't hold. I think bear scenario confirmed.
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