Trendline break signals a long position here. I wouldn't put to much thought into this. I mean we dropped from 60k how much longer do we need to wait for a pop. Crypto prices are in shambles. Maybe fair value is a little lower around 15k but regardless we found massive support at 17k a few months ago and we haven't broken that since, we know that we know a lot of buyers are waiting there and we also know anyone selling from 29k or even 25k or 20k is going to have to their take profit at new lows or at 15k//16k. I don't think anyone actually see's this touching 10k ever again. I could be completely wrong. It is possible the crypto is a massive bubble, Its possible laws crack down on it but i think the community is too strong. Ever since Luna crashed and Do KWON made off with billions - a lot of faith has been lost. Its clear we are at a standstill. Prices have been going sideways for eternity. If you are not good at trending ranges or smaller timeframes on leverage then you really have had no chance to beat the market since June. the volume just isn't there. The total market cap for crypto is hitting the lows of 2020 pre pandemic levels. We saw a Rise in tech like never before. sadly its looking like a bubble now. But historically if we compare it to the .com bubble or what not. Even though there was a tech bubble, we all now still use internet today. investing in top companies like apple, Microsoft, yahoo, whoever else were some if the biggest opportunities in modern history to secure your retirement. It would be the opposite of smart to not consider these top coins as serious investment opportunities to buy and hold. Buying these dips is the best thing you can do over the long term and create the best opportunities. that being said if your on margin or leverage. This trade I am posting is worth a shot at with a tight stop loss on new lows.
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