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Is BTC Doomed ?!?
its been several months since we broke bellow long-term support ,what now ?
well this support was around 10y old , and if breaking bellow it was not bad enough , we retraced back to it as a retracement to go even lower !!
all this happened so fast that liquidity didn't have enough time to recover , now market has low volume with reduced spreads .
in this case i only can say we need a miracle for crypto to recover and get back into this 10y.o trading range , like Apple entering in !!
this chart is logarithmic which means as time passes it will get harder for price to get into it exponentially .
i have no words to describe my grief ,"hope for the best , prepare for the worst "
well this support was around 10y old , and if breaking bellow it was not bad enough , we retraced back to it as a retracement to go even lower !!
all this happened so fast that liquidity didn't have enough time to recover , now market has low volume with reduced spreads .
in this case i only can say we need a miracle for crypto to recover and get back into this 10y.o trading range , like Apple entering in !!
this chart is logarithmic which means as time passes it will get harder for price to get into it exponentially .
i have no words to describe my grief ,"hope for the best , prepare for the worst "
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