BTC: panic could spread faster than you thought
Traders,
We dont actually trade BTC, but it has the vast fluxility
that is the best tool to analysis humanity.
I know been a while that people yelling for 20,000 for one
signal btc, including me.
But check this chart, you will see some exhaustion here
with triple RSI DIV on the top .
One -two- support are still stand beyond the red trend
line.
14000 around for the third support if price drop down to
break the red line. 12000 for next new support by hitting
the long-term purple trend line.
Those supports, each one is lower and lower than last
one, meaning bubble bursting, people who are holding btc,
esp those bought at a price above 10000, are trying to sell
it for profit , with panic.
And the panic spread quickly if price drop down 90 degree.
Please keep your account safe to have a wonderful Xmas!
Less is more!
We dont actually trade BTC, but it has the vast fluxility
that is the best tool to analysis humanity.
I know been a while that people yelling for 20,000 for one
signal btc, including me.
But check this chart, you will see some exhaustion here
with triple RSI DIV on the top .
One -two- support are still stand beyond the red trend
line.
14000 around for the third support if price drop down to
break the red line. 12000 for next new support by hitting
the long-term purple trend line.
Those supports, each one is lower and lower than last
one, meaning bubble bursting, people who are holding btc,
esp those bought at a price above 10000, are trying to sell
it for profit , with panic.
And the panic spread quickly if price drop down 90 degree.
Please keep your account safe to have a wonderful Xmas!
Less is more!
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Just a chart on daily with pure some bear sign candlesticks on it.
Simple and easy to read.
Simple and easy to read.
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