here is my thought on what could happen.
I think we will see a capitulation event for BTC which will pull it down to the 200wma where we will wick below it for extra liquidity of longs at 20 k that will be placed when we get there
we will rebound quickly though .
coins like BNB and WOO and CRO will be very good buys for this capitulation
be patient . events like this is where the real gains are made
this is where 50-100x moves are seen.
GOOD luck and make sure you have risk capital incase this happen
if this does happen alts will drop another 50-80% from their current prices
DYOR , not a financial advisor
I think we will see a capitulation event for BTC which will pull it down to the 200wma where we will wick below it for extra liquidity of longs at 20 k that will be placed when we get there
we will rebound quickly though .
coins like BNB and WOO and CRO will be very good buys for this capitulation
be patient . events like this is where the real gains are made
this is where 50-100x moves are seen.
GOOD luck and make sure you have risk capital incase this happen
if this does happen alts will drop another 50-80% from their current prices
DYOR , not a financial advisor
Comment:
played out exactly as predicted, congrats to those who followed and bagged btc at 16k :)
