Bitcoin - like you need another chart!
Not that there aren't already 10m Bitcoin charts on TradingView...
This type of corrective draw down after a completed motive move is not in the least bit uncommon.
It is entirely possible we correct down to 34,000-35,000, given the larger motive move that started in 2020.
We haven't even tested the 200dma yet.
At lest Mr Mannering should avoid panicking until we break the 200dma, but not in full panic unless we break 34,000.
Clearly this is not investment advice. However I will point out that this type of volatility is rarely paired effectively with leverage without the risk of meaningful loss.
This type of corrective draw down after a completed motive move is not in the least bit uncommon.
It is entirely possible we correct down to 34,000-35,000, given the larger motive move that started in 2020.
We haven't even tested the 200dma yet.
At lest Mr Mannering should avoid panicking until we break the 200dma, but not in full panic unless we break 34,000.
Clearly this is not investment advice. However I will point out that this type of volatility is rarely paired effectively with leverage without the risk of meaningful loss.
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I am not a registered investment advisor. Nothing I say, or share, constitutes investment advice. Take responsibility for your risk and do your own research.
Penafian
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I am not a registered investment advisor. Nothing I say, or share, constitutes investment advice. Take responsibility for your risk and do your own research.
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.