It seems like the panic selling hasn't ended and we are now going to enter the depression phase. There is a high probability of price taking dip below $6K! This will attract a lot of Smart Money to buy and shake the hell out retail traders. Get ready for the Dip because its coming MOFOs.
Technical Breakdown
Daily Timeframe
- Breakdown and test of descending TL
- Price on verge of breaking down $6k for Liquidity Hunt
- Price likely to test Green Buy Zone very quickly when breakdown occurs
- Price currently -30% below 200MA
- Volume is declining as price descends which indicates that the bears are losing steam (No pun intended)
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Disclaimer
This is my personal opinion, I am not giving biased recommendations. I am not a financial adviser. Discuss with your advisers before investing in Bitcoin, Altcoins and ICOs.
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Disclaimer
This is my personal opinion, I am not giving biased recommendations. I am not a financial adviser. Discuss with your advisers before investing in Bitcoin, Altcoins and ICOs.
If you found value with this post I would be very grateful if you resteem, upvote and comment below. Thanking you!