Miko Novogratz and other will happily let BTC drop further down.
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I'm not a professional trader but I think I understand some basics and we're simply still in a downtrend - if we break above it with a preferably fully daily candle then we should be good but not yet. The indicators are showing signs of weaknesses.
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It looks like people may be more interested in spending time with their families than pumping cryptomarket. Here's a clearer view confirming that we're in a pretty ugly downtrend. The green candle was just a wave and the bottom around $11k is a pretty firm support but if that's broken it will bring us to sub-10k levels quickly.
Bitcoin discounts may be coming! There is a sweet support on 8k-ish area.
Bitcoin discounts may be coming! There is a sweet support on 8k-ish area.
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We're flirting drunk with this bright green support line.
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On shorter timeframes we're actually already below this bright-green trendline.
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11k retest incoming and then freefall - we'll maybe bounce off of a few psychological ledges.
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Short term trade possible from this point, possibility for a long
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Seems like we pierced through the major resistance. If you want you can start opening long positions.
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Nope, things are looking pretty shitty actually.