chrisatom

Bitcoin updated

Penjualan
COINBASE:BTCUSD   Bitcoin
Bitcoin closed the week down at the yearly S1 pivot- as planned when it broke through the previous fib pivot . As this is the first time this pivot has been tested this year there is little volume here previously, so I expect after an initial bounce it will continue down to the volume support of 2750-2200, and from there to the 2 year POC of 1170.

Why you would buy this here I have no idea. Forget triangles, wedges , badly drawn trend lines and the FOMO of a rally. Let price confirm a bottom is in. Bitcoin needs to put in a strong base with good volume and start reclaiming the lost support. Only then should you consider going long IMO . Forget the ideology- this CAN go to zero.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.