The chart is telling us one thing, and one thing only. There is not a lot holding us back from thundering though to $30K.
Last time we saw a sell-off like this was in late april of last year. A 54% drawback brought us to the $30k level as well. However, the volume was a lot higher back then. Signaling we could be in for a ride.
The only positive is the RSI that is in oversold, but I'm afraid this wont have a very big impact...
Don't overtrade, don't use leverage and stay safe guys
Last time we saw a sell-off like this was in late april of last year. A 54% drawback brought us to the $30k level as well. However, the volume was a lot higher back then. Signaling we could be in for a ride.
The only positive is the RSI that is in oversold, but I'm afraid this wont have a very big impact...
Don't overtrade, don't use leverage and stay safe guys
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