Bitcoin Analysis (Mar 13) - Downtrend doesn't seem to end!

BINANCE:BTCUSDT   Bitcoin / TetherUS
There are many signs that the downtrend has not stopped yet. A crisis like this will weaken BTC and take a long time to form a bullish pattern to rally again.
In addition, USDT price is currently very high and it will be a big obstacle for new capital inflows into the market.
The bottom of this downtrend I think will be around 2500-3000$. If you have bought BTC in the high price areas, I think you should apply 1 of these 2 plans :
1️⃣ Allocate your capital into 50% in BTC and 50% in USDT (this part will wait to sell around 6000-7000$)
2️⃣ Divide your BTC amount into 3 parts and sell each part at : 6000 - 6500 - 7000$
Note on the chart :
- The red rectangle area and the RED resistance line are where to sell BTC
- The blue rectangle area is the area to buy BTC
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FYI Your post makes absolutely no sense...
@Eyates, haha is the market interested in rational or unreasonable?
Eyates CryptoStation
@CryptoStation, lol apparently you aren't either.
@Eyates, yes, if you don't like my idea. Please shut up and go out!
manschadow CryptoStation
@CryptoStation, Well said, because I for sure agree with you. BTC still should make a new low. 2000 us dollar would not be strange and in that moment surely everyone will be super bearish and even think btc will go to 0, but of course there will be the turn around.
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