BitcoinTelah dikemas kini Brace Thyself for the Bears | Bitcoin to go UNDER, then OVER
From the dotted green channel, we can see that we might be headed to drop under $6500. If we touch but don't break the long-term red support line, a bullish reversal is all but guaranteed, else we must prepare to plunge to further lows. I'm long-term bullish on bitcoin for 2018, but before 30k, 50k, 100k, and 240k valuations, bitcoin must test its long-term support.
On Feb 6th, we just barely touched $6000 but didn't come close to testing support on the red line, so if we want to touch 30k by April, we need to make sure we get it right this time, and really DIP. None of that pansy to-dip-or-not-to-dip business we saw last time.
Since bitcoin loves to drag the entire market (kicking and screaming, or otherwise) wherever it goes, prepare to short and/or HODL your coins! If we do have our bullish reversal, this might be our last big opportunity to pick up cheap currencies for months.
Trading-lesson-learnt-the-hard-way: "FOMOing into trades is a leading cause of depression and insomnia."
On Feb 6th, we just barely touched $6000 but didn't come close to testing support on the red line, so if we want to touch 30k by April, we need to make sure we get it right this time, and really DIP. None of that pansy to-dip-or-not-to-dip business we saw last time.
Since bitcoin loves to drag the entire market (kicking and screaming, or otherwise) wherever it goes, prepare to short and/or HODL your coins! If we do have our bullish reversal, this might be our last big opportunity to pick up cheap currencies for months.
Trading-lesson-learnt-the-hard-way: "FOMOing into trades is a leading cause of depression and insomnia."
Nota
Testing resistance on the green dotted line. If we open and close outside it, we might be looking to test resistance around 12k soon after.Nota
Next major resistance at 11.8k, prepare to welcome the multi-month bulls if we have a firm closing over the blue line.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.