The price is testing the 30k range low and each time we get a weaker bounce from it suggests we are either on a flat support and volume dries out, or a pending impulsive breakdown and go straight to 20,000 or even lower.
Other cryptos like XRP ETH are also seeing major support being broken.
No reason to be bullish unless we see bottoming formation or selling climax happening.
###NOT FINANCIAL ADVICE###
Comment
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Price needs to break and stay below $28,500 to confirm the breakdown.
Trade active
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GAME ON
Trade closed manually
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Closed the trade in time just before the bounce, low volume breaks are unconvincing.
The longer it stays above 30k, the more likely it will not go down as expected.
Patently waiting for a breakout
Order cancelled
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ETH had chosen the direction for all of us, time to focus on ETHBTC rather than this one.
theyre trapping shorts. once the majority is too scared to short it is when it runs out of fuel
JoE
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@mikerophonetest, Maybe, but what if this is the begining of a multi-year bear market.
mikerophonetest
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@JoE, if it breaks 30k i think it will be one giant bart simpson head. part of the problem is alt season btc dominance below 50%= not enough liquidity to keep it stable and everytime bitcoin dumps money leaves it to buy altcoin dips. self destructive cycle atm
mikerophonetest
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thats a link if you click the image it goes more in depth