It's hard to be bearish looking at this chart...

in bitcoin •  3 years ago 

The time to be bearish was 2 months ago...

There is a lot of fear out there, but should there be?

We have already fallen almost 60% from the highs to the lows.

The easy money has been made...

image.png

(Source: https://twitter.com/Pentosh1/status/1489339336554332162/photo/1)

Are we going to go down another 60% from here?

We might, but it will take time to play out if it does happen.

The plummet happened already, and now the price is starting to stabilize.

The odds play is a bounce at the very least from here if not an outright reversal.

If I was short, it would hard for me to continue to be short looking at this chart.

Let it bounce and the re-evaluate getting short again...

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

hello my friend send me 30 steem

Upvoted! Thank you for supporting witness @jswit.
default.jpg