Right now its slow trading because a lot of the big money is out enjoying the holidays. So as we approach the lows, expect retail traders to get scared and bail out.
If we even get near $11000 on this Bittrex/USDT chart, there is a good chance we fall below it. If we fall, then I would expect the 100 DMA to be a magnet. That would put us in a good range of support between the red lines and between the fib extensions as well.
I think going to cash or USDT is a good idea if you haven't already done it. Enjoy the holidays. Take a break from trading. You'll be able to relax. If it goes above $16k, you can get back in.
(Keep in mind that coinbase is trading about $1000 higher right now)
If we even get near $11000 on this Bittrex/USDT chart, there is a good chance we fall below it. If we fall, then I would expect the 100 DMA to be a magnet. That would put us in a good range of support between the red lines and between the fib extensions as well.
I think going to cash or USDT is a good idea if you haven't already done it. Enjoy the holidays. Take a break from trading. You'll be able to relax. If it goes above $16k, you can get back in.
(Keep in mind that coinbase is trading about $1000 higher right now)
