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RE: Technical Analysis on Bitcoin: Waiting for a Breakout
With this new market drop what do you think will happen now? Will we go down again to sub 7k? maybe even going as far as 5.8k?
With this new market drop what do you think will happen now? Will we go down again to sub 7k? maybe even going as far as 5.8k?
I think a drop to $6,800 is possible, but I’d be surprised to see it go below that level. So far, this looks like a healthy correction.
I tried to daytrade and ended up blowing away 40 bucks... regardless of that, this market is looking incredibly bullish imo, even ETF news aren't doing much to it... I'll only be 100% sure we are in a bull market if we get higher then 11k
I'd recommend paper trading until you get more confidence. Tradingview has a free paper trading function if you're interested.