Honestly, I wont be surprised if we do see those lows again especially with how the traditional markets are behaving bearishly. We have news of second lockdown happening. Sometimes its just good to ignore all the EMAs, SMAs and the resistance and support lines on smaller timeframes and just look out for the bigger picture. The StochRSI on bigger time frames (weekly and monthly) look extremely bearish too and we have declining volume. Remember if we do see this low and my prediction is right, this could take months or even until end of the year whilst it plays out. just remember that your alt coins could see huge meltdown if this happens. we will most definitely have relief rallies on the way down but don't hope to go long on these rallies.
Trade active:
still waiting for the mid 7k region but part of me is starting to believe there are a lot of buying pressure. people who are selling out of fear of a crash in the stock market may want to find their safe haven in BTC. Ultimately, BTC was created against an economic crash so now that we are due for a recession, could we see a huge buy on BTC?! I SAY YES.
Trade closed manually:
Bitcoin, changed its path. which i am quite happy about even when i was wrong bout my TA
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