BTC Fell then bouced right off the support line to Fib level
BTC formed multiple head and shoulder patterns for the past few days, should've taken the warning more seriously but the halving euphoria was strong so kept a small position. Saw if BTC falls off 9500 support then it will fall some more.
cut my loss at 9400 with a small remaining position on BTC.
interesting how the long-tern support line works bounced right off my long-tern support line I drew then back to 8700 important fib level
historically BTC drops 30% around halving time.
if BTC drops off the support of 8000K now it will free-fall some more.
then to 6000, then to 3900 again
May 9th, 2020
cut my loss at 9400 with a small remaining position on BTC.
interesting how the long-tern support line works bounced right off my long-tern support line I drew then back to 8700 important fib level
historically BTC drops 30% around halving time.
if BTC drops off the support of 8000K now it will free-fall some more.
then to 6000, then to 3900 again
May 9th, 2020