Bitcoin - like you need another chart!
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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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