I know lately there is lot of fun making going around crypto world, I also know lot of people are panicking with their positions who had average of 20k+ entry.
However, I for one see lot of positive from recent price action on daily BTC chart.
Lets look at the reasons for my view;
1. Even after massive bad news barrage, BTC is still not a "Scam", its still holding its long accumulation zone of pre 2021's rally.
2. There is divergence on daily chart with Money flow, which is happening in pre-2021 zone and is probably still being used by whales to accumulate.
3. This is also first real test after 2021-22 rally of BTC and crypto in general. No matter what, I can't see BTC going to dumpster in just one test.
So hang on, might be a good choice to add up too, I'll leave that to your own risk appetite.
This may sound like silly opinion by some, but I do fill in due time it will be a right one.
However, I for one see lot of positive from recent price action on daily BTC chart.
Lets look at the reasons for my view;
1. Even after massive bad news barrage, BTC is still not a "Scam", its still holding its long accumulation zone of pre 2021's rally.
2. There is divergence on daily chart with Money flow, which is happening in pre-2021 zone and is probably still being used by whales to accumulate.
3. This is also first real test after 2021-22 rally of BTC and crypto in general. No matter what, I can't see BTC going to dumpster in just one test.
So hang on, might be a good choice to add up too, I'll leave that to your own risk appetite.
This may sound like silly opinion by some, but I do fill in due time it will be a right one.
