It has been some days since the last update, but if you can remember, I said that even a drop to 1100 would be considered healthy for technical assistance standards, since the implementation of 2017 started around those levels
Therefore, having a stop at 3 (200 WMA) makes sense, the fall of 6000 was very violent, some would say that it was even a capitulation, it could be to be honest, but that does not mean you should buy now and fomo, fund It is a process that is not a snapshot. (that is, we would run the 3000 test again and the volatility will die for a few months, so you would have time to buy)
Also, the trend line that I drew in this graphic, it makes sense to me, it's quite big, it was touched 3 times and we fell 3 times, the last time it was 6k to 3k ... we're about to touch it again, let's see What's up.
The thing is that this could be a good consolidation above the 50MA daily. Another very important resistance, to be honest with you, we can go in any direction from here, short and long pants paint the same story (ratio of almost 1 to 1).
So if you do not have positions in the market, I would be left out. The reason I joined is because I still have some alts, so I want them to cover me in case we fall like a rock (and I do not want to sell if we explode after consolidation in 50MA ... a very messy situation You could say it, there's a lot of uncertainty to say the least, that's because we're at a crossroads, one more time)
Personally, I hope we go to 1.1k: p, because these cryptographic things will go crazy when there is an inflationary crisis in the whole world.
please resteem or like my stuff if you liked them.
happy trading
