This is a inverted chart on bitcoin, this looks very good if you are bullish or bearish...
As you can see the trend line support is holding well very well which is good for bears. The good thing though for bulls is this trendline touched support so many times and eventually would have to break down correct?
Break down or up but the thing is there is not much low i think bitcoin will go if we go to 9-14k.... That is a IF. Not saying it will happen but taking into count that there are so many loss coins , big investors and retail investors who is holding bitcoin for the longterm buying it and sending it off exchanges to cold storages wallets.
Only those who are paper handed (which was most) that left and got liquidated... It is normal. Happens every market cycle.
This market cycle though we seen stuff we have not seen last bear markets and bull markets. This is a very interesting market and i am here for it.
I believe Crypto will succeed and bitcoin will be correlated to stock market soon.
This whole crypto space i manifest and know will be over a 8 trillion+ market cap.
Yes i am taking in the global conflicts and macro view of the world. It will get better.
As you can see the trend line support is holding well very well which is good for bears. The good thing though for bulls is this trendline touched support so many times and eventually would have to break down correct?
Break down or up but the thing is there is not much low i think bitcoin will go if we go to 9-14k.... That is a IF. Not saying it will happen but taking into count that there are so many loss coins , big investors and retail investors who is holding bitcoin for the longterm buying it and sending it off exchanges to cold storages wallets.
Only those who are paper handed (which was most) that left and got liquidated... It is normal. Happens every market cycle.
This market cycle though we seen stuff we have not seen last bear markets and bull markets. This is a very interesting market and i am here for it.
I believe Crypto will succeed and bitcoin will be correlated to stock market soon.
This whole crypto space i manifest and know will be over a 8 trillion+ market cap.
Yes i am taking in the global conflicts and macro view of the world. It will get better.