I called the decline on BTC and ALGO in a bunch of my ideas since Sep-03. Played out quite well now. I shorted ETH (5x leveraged), ALGO (2x leveraged) and DOT (3x leveraged) against USD. Got me some nice change ;-)
I mostly agree with your price levels: to 42k first (might stay with 42.4k, where we've just already been), retrace to 45k - 46k max, then 38k next move. We might alternatively slowly slide down to 38k because of low volume on the local bottom. But this is hard to tell because the hodling behaviour is now different from earlier times (many institutional investors not planning to trade).
Arash_Kamangir2020
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dragansimic171111
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😀Thanks.
MinerChad
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It's not really considered a Bear Market IMO. More like an early shake-out for the squeamish and a buying opportunity for the strong and patient. I see buying opportunities ahead … Limit orders set up in the 30Ks, more heavily weighted into the 20Ks but it may not make it to the 20Ks... just be ready to catch those 'knives'.
I mostly agree with your price levels: to 42k first (might stay with 42.4k, where we've just already been), retrace to 45k - 46k max, then 38k next move. We might alternatively slowly slide down to 38k because of low volume on the local bottom. But this is hard to tell because the hodling behaviour is now different from earlier times (many institutional investors not planning to trade).