G0124

Have we seen enough blood? Time to put on the bandaid

COINBASE:BTCUSD   Bitcoin
Hello everyone it's been a minute since I posted, so I just wanted to get a few things off my chest here. Obviously we crashed pretty hard and I know a lot of people are wondering wtf is going on now? What's my next move? First off if you are holding, then just hold. We should rebound back up from here. Right now we are hanging around the weekly 50 ma and 7k looks like a strong support that will hold. If you are looking to short, I personally would not short here. Imo we are at support here and it's always a smart move to short at a resistance level. First levels I'm looking out for is 7250 or 7500. Then a buy back at these levels 6k-7k. Overall the market is super bearish, but I don't see us going down to 5k yet possibly in jan-feb. We should test the 200ma on the weekly by that point. But I personally think we will rally up from here in the short term for an eoy run, then crash again... Also not a bad idea to get into alts right now, (bch,eth,ltc,link) the return will be greater than btc. Good luck and stay safe out there... Thanks for reading.
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