If you follow the facts and NOT the hype that the permabulls are selling, you would realize that Bitcoin just exited from a multi-year bull trend. It is true that was almost a year ago but time is of no concern here. The miner cost is of no concern either. What matters is that there are still permabulls out there. As long as you see those, it means the market has not really capitulated.
When Bitcoin was still trading at $4300 yesterday, I told you guys that the market was gonna crash and it did. Don't believe me? Check out my yesterday's post below.
Please give this chart a LIKE if you like what you are seeing so far. Thanks!
Nevertheless, what done is done, of course! But it's not too late yet my friends.
See that ascending on my new chart? That is what's keeping price afloat. Call it the last line of support for Bitcoin and it's not gonna hold much longer. Why? The Bitcoin price is currently trading below sloping resistance and the 4H isn't looking too hot either with a lot of room for price to go downhill. That means the path with the least resistance is to the downside. Of course, there could still be a small bounce from here to trap permabulls but as soon as you see price drops below that , just be sure to get out of the market!
My PRO members are waiting comfortably at their buy entries right now. You can be one of them too!