The BTC rally out of the H&S pattern was strong, but unsurprisingly it has faded back considerably. We're still grinding out a base, and rallies will be sold. But current price levels are now just above very strong support of the old inverse head and shoulders neckline. $6800, plus or minus, has a great chance at providing support. If it does break, there are also multiple slightly lower levels that should be supportive. These are levels that I personally find appealing to begin dollar cost average purchasing again.
Ultimately, we are still in a bear market or, at best, a sideways market. Better long side days are ahead, but much of the pain should be in the past.
Not financial advice, DYOR, and all that... :)
Ultimately, we are still in a bear market or, at best, a sideways market. Better long side days are ahead, but much of the pain should be in the past.
Not financial advice, DYOR, and all that... :)
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.