fabulouslouie

Bitcoin next move will determine LUNA rally or decline

Short
Hi guys, welcome to my page.

We can swe what's happening in the market; everything going red. The mantra "buy the dip" will only hurt your portfolio the more if you don't understand market structure.

Currently, Bitcoin is hovering around the 30k support zone, what does this mean for Luna after registering a significant loss?

Well, in my opinion, If Bitcoin is able to hold that support and bounce back up it might be good sign for Luna.

The next support zone for BTC is around the 24k mark, this is particularly bad for Luna investors because if BTC were to head down lower; we could be seeing Luna at the next support which is the $1.6 dollar mark.

If you're considering buying the dip, I strongly advise you to give it a second thought.

Anyways, Futures traders can grease their palm and take advantage of the dip if Bitcoin pulls lower.

Note: this is not financial advise. All notes are my original ideas. Your inputs are welcomed.

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