I am a bull, but I sad it like 100 times this support is crucial
I was a bull until the end guys, I really was, but that support is too important, specially now that BTC is not respecting most fundamental analysis.
Is very simple and history repeats in simple terms, the 21 weekly was broken many times and that never happened during a bull run, but that main support is just too important to maintain things going like it should.
We are under a huge change in this market, and we had a huge change since when covid began.
I don´t know about you guys but my record high during this bull run was 22x, I left when we lost that support with 14x.
But if you can´t manage to accept losses you will go down for a long time. If you are a long term holder I respect you and I know you will be profitable in the long run, but I just can´t manage that much lost and risk after such a great year, I wish I could.
Prepare for some downtrend followed by many fake reversals from now. I am shorting it since when we broke it, probably closing my short right now, because 37k-42k is a huge support. Probably making us come back to test the support again and go down even lower.
Is very simple and history repeats in simple terms, the 21 weekly was broken many times and that never happened during a bull run, but that main support is just too important to maintain things going like it should.
We are under a huge change in this market, and we had a huge change since when covid began.
I don´t know about you guys but my record high during this bull run was 22x, I left when we lost that support with 14x.
But if you can´t manage to accept losses you will go down for a long time. If you are a long term holder I respect you and I know you will be profitable in the long run, but I just can´t manage that much lost and risk after such a great year, I wish I could.
Prepare for some downtrend followed by many fake reversals from now. I am shorting it since when we broke it, probably closing my short right now, because 37k-42k is a huge support. Probably making us come back to test the support again and go down even lower.
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