BTC/USDT Volatility time. Stay calm and enjoy yourself.
Hello Everyone
It seems that many currently have a hard time and probably are not familiar with this market volatility.
This dip looks a lot like march 2020 where Corona started and countries did close their borders.
At this time there were days where we dipped 40-50% and did not recovery soon at all.
We think this time it's much different not only because many bigger institutions did invest into crypto as well.
Also the technology behind it stays the same no matter what happens with the market and the movement where blockchain will become mainstream is unstoppable.
There are just too many advantages and this year we also got the NFT hype which brought many new people into crypto that never wanted to touch anything with crypto.
Now looking at the chart we see that we did break through the 40k lvl and found support at the 30k level which did act as support previously.
We nearly got back above 41k and just did see some small decline.
Checking the RSI we see that we are currently in the oversold region and this also for the daily chart.
Checking the volume we see that volume rises since 2018 consistently.
If all of this doesn't help then think about the fact that around a year ago we did not believe we could ever break out of the falling wedge and the 10k barrier and now we cry at 30-40k.^^
So relax and enjoy yourself.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
It seems that many currently have a hard time and probably are not familiar with this market volatility.
This dip looks a lot like march 2020 where Corona started and countries did close their borders.
At this time there were days where we dipped 40-50% and did not recovery soon at all.
We think this time it's much different not only because many bigger institutions did invest into crypto as well.
Also the technology behind it stays the same no matter what happens with the market and the movement where blockchain will become mainstream is unstoppable.
There are just too many advantages and this year we also got the NFT hype which brought many new people into crypto that never wanted to touch anything with crypto.
Now looking at the chart we see that we did break through the 40k lvl and found support at the 30k level which did act as support previously.
We nearly got back above 41k and just did see some small decline.
Checking the RSI we see that we are currently in the oversold region and this also for the daily chart.
Checking the volume we see that volume rises since 2018 consistently.
If all of this doesn't help then think about the fact that around a year ago we did not believe we could ever break out of the falling wedge and the 10k barrier and now we cry at 30-40k.^^
So relax and enjoy yourself.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
