Not good!
Hello, folks! I hope you are on the correct side of the trade.
I was looking out for a possible motive way up, but what I thought could be wave 3 withered. Looking at the 15 minutes chart that I use as a signal for my swing trades, I've noticed that recently there have been a couple of "fakeouts" that were followed by a price drop. What concerns me the most though is that today's very bad news coming from the stock markets met BTC on its way down AND very near a support area that has been tested a couple of times in the near past.
This daily chart shows a red line that connects the bottom of the two major previous bottoms, and price has breached it. I will short and I believe you should do the same. I think there is a higher probability that we'll test 3k support.
Let me know what you think.
I was looking out for a possible motive way up, but what I thought could be wave 3 withered. Looking at the 15 minutes chart that I use as a signal for my swing trades, I've noticed that recently there have been a couple of "fakeouts" that were followed by a price drop. What concerns me the most though is that today's very bad news coming from the stock markets met BTC on its way down AND very near a support area that has been tested a couple of times in the near past.
This daily chart shows a red line that connects the bottom of the two major previous bottoms, and price has breached it. I will short and I believe you should do the same. I think there is a higher probability that we'll test 3k support.
Let me know what you think.
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