BTC at Critical Level IMO
I just want everyone to be aware on this current BTC dip. as per my last TA on BTC, market has formed sa rising wedge pattern that has been broken down and perfectly retested, if you watched my youtube video about it, you should know that I am expecting this dip, well initially, i was expecting it stop at 52k, but it dips more than that.
Now, on a Weekly Time frame, we are approaching our dynamic support that sits around 46-47k. This can be critical for the price of bitcoin and the bull market.
If we break down to out support level, this can be dangerous, or it can start a bear market, if it is sustainable.
This sudden movement is expected but the volume is not. That's why I'm reminding everyone because we know alts usually follow bitcoins movement.
I really hope, we hold above this 46-47k level of support.
Please DO NOT PANIC, CONTROL YOUR EMOTIONS, If you want to take profit, and secure your profits, that's better than losing it. It's still your choice. Please consider everything you need to consider first, before making any decisions.
This price movement might change my plans and decisions as of the moments but I'm still monitoring everything and see what'll happen in the next couple of days.
That's it guys! Take care!
Now, on a Weekly Time frame, we are approaching our dynamic support that sits around 46-47k. This can be critical for the price of bitcoin and the bull market.
If we break down to out support level, this can be dangerous, or it can start a bear market, if it is sustainable.
This sudden movement is expected but the volume is not. That's why I'm reminding everyone because we know alts usually follow bitcoins movement.
I really hope, we hold above this 46-47k level of support.
Please DO NOT PANIC, CONTROL YOUR EMOTIONS, If you want to take profit, and secure your profits, that's better than losing it. It's still your choice. Please consider everything you need to consider first, before making any decisions.
This price movement might change my plans and decisions as of the moments but I'm still monitoring everything and see what'll happen in the next couple of days.
That's it guys! Take care!
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