The bears seem more upset about this one than when I published a bearish chart at 20k...interesting. It's just a chart guys, try not to get too triggered. We'll see what happens. Good luck.
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Okay it wasn't 20k looking back...btu still, u get the point.
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Lots of replies about how the panic sets in "when we break below _____"
hmmm what if the opposite doe?
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testing support, could boucne here
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nice bounce...bakkt delayed wouldn't be surprised to see some more short term downside. Watch xrp...seems like an inverse correlation between the two right now.
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seem fairly confident the local bottom has been found...will it be the bottom bottom?
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If 3d stoch crosses I think we go to the top of the channel/monthly open:
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12h
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No two ways about it, bears really gave it to us. Went much lower than I (and most) expected. But the million dollar question is what comes next?
The bitcoin market was overheated at 10k, and it still went to 20k. Could the opposite be said of 6k, and now 3k? Time will tell.
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This is not a meme trendline, it has been on my chart since at least May 2017. Long term support found? Original published chart with this trendline:
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