Testing these lines.
Unless BTC has a nice daily close above the redline (in the next few days / week...),
we could see upper 17,800-18,200 level hit first
or worse near term (w/in next 6 weeks),
see BTC, perhaps briefly, trade in the 15,000s.
-------------------------------------------------------------------
Again I stress this is all meaningless if BTC has one or two days of close above the redline.
-------------------------------------------------------------------
Seems, IMO, more likely we will test these levels first.
but
I am in no way qualified to give financial advice.
Unless BTC has a nice daily close above the redline (in the next few days / week...),
we could see upper 17,800-18,200 level hit first
or worse near term (w/in next 6 weeks),
see BTC, perhaps briefly, trade in the 15,000s.
-------------------------------------------------------------------
Again I stress this is all meaningless if BTC has one or two days of close above the redline.
-------------------------------------------------------------------
Seems, IMO, more likely we will test these levels first.
but
I am in no way qualified to give financial advice.
Comment:
This idea is obviously voided & in retrospect was done without complete thought & foresight.
Comment:
All FTX had to do was drop the ball two weeks earlier & I'd be bragging about this.
Comment:
I guess I was correct thus far on the bottom. Looks like BTC quickly got out of the 15,000 area. I'm less confident BTC will be down bad for long like the sentiment hints at. 12-15k is a firesale IMO.