We retraced over 50% from 20k, make no mistake, we are in a BEAR TREND and recovery to 20k may take MONTHS....
Currently trading ONLY to accumulate fiat and staying away from entering into new positions, anticipating a further breakdown after hitting these targets.
-So option 2 from my previous chart happened, the triangle broke down and $7600 was the immediate bottom. (always be cautious of a further breakdown if this bounce turns into a brear flag. which can certainly happen, less likely however)
-Next levels are as shown, I have sell orders at all three levels, biggest being at $12500 where I will clean up 70% of ALL of my positions into FIAT.
-If we see a dead cat to 15k which is certainly possible, I will take almost everything off the table and probe a short.
Currently trading ONLY to accumulate fiat and staying away from entering into new positions, anticipating a further breakdown after hitting these targets.
-So option 2 from my previous chart happened, the triangle broke down and $7600 was the immediate bottom. (always be cautious of a further breakdown if this bounce turns into a brear flag. which can certainly happen, less likely however)
-Next levels are as shown, I have sell orders at all three levels, biggest being at $12500 where I will clean up 70% of ALL of my positions into FIAT.
-If we see a dead cat to 15k which is certainly possible, I will take almost everything off the table and probe a short.
Not
Looks lke volume is really dying down... Watching closely for a potential breakdown. Targets still in playNot
breakdown. next level to watch would be 5500-6600
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.