You can go up, go down, do sideways ...
How do you like my tradingadvice?
In this papertrading session, I just want to share you this possibility
1. Weekly channel shows we are clearly in a downtrend
2. Bottom blue line is around 30k ( Monthly range Low )
3. The red dotted line is the middle of the weekly channel and often that gives a bounce ( wick below high possibility )
4. The green box shows the Montly Range Low & Red dotted line coming together ( expect a lot of buyers in that region for a bounce or uptrend again )
5. If we lose that level, than go out and enjoy life for some months, than we go to the bottom of the weekly Channel and that is below 20k
As mentioned, many things are possible, S&P 500 level shows direction for BTC I think and that might
drop another 5-10%, for BTC that would that could become double, which would wick us to around 24-26k area or worse
Later this week Michael Saylov will go on the UpOnlyShow with Cobie. If that gives a panic reaction, it could be so much worse ...
How do you like my tradingadvice?
In this papertrading session, I just want to share you this possibility
1. Weekly channel shows we are clearly in a downtrend
2. Bottom blue line is around 30k ( Monthly range Low )
3. The red dotted line is the middle of the weekly channel and often that gives a bounce ( wick below high possibility )
4. The green box shows the Montly Range Low & Red dotted line coming together ( expect a lot of buyers in that region for a bounce or uptrend again )
5. If we lose that level, than go out and enjoy life for some months, than we go to the bottom of the weekly Channel and that is below 20k
As mentioned, many things are possible, S&P 500 level shows direction for BTC I think and that might
drop another 5-10%, for BTC that would that could become double, which would wick us to around 24-26k area or worse
Later this week Michael Saylov will go on the UpOnlyShow with Cobie. If that gives a panic reaction, it could be so much worse ...