There is a lot of potential here as we are near all time low supports, ranging around the ~$1.3 mark. I have outlined the zones in the chart.
The red zone is where there will be a lot of resistance.
Green is the buying zone, and expect volatility here.
The black trendlines are old support lines coming from many years back. It's currently struggling to keep above the lowest line. Once it breaks this going up, it should be face resistance at the other two trendlines.
Is it a good time to buy? Maybe not with your whole bag because BTC crashes are still looming around and it's not showing a lot of bullish strength.
To play it safe, it would be best to buy it when it drops down to around ~1.3 , or if BTC goes past 35.5k.
Otherwise, let's just play it safe and manage your own risk. Leave a comment with your analysis.
The red zone is where there will be a lot of resistance.
Green is the buying zone, and expect volatility here.
The black trendlines are old support lines coming from many years back. It's currently struggling to keep above the lowest line. Once it breaks this going up, it should be face resistance at the other two trendlines.
Is it a good time to buy? Maybe not with your whole bag because BTC crashes are still looming around and it's not showing a lot of bullish strength.
To play it safe, it would be best to buy it when it drops down to around ~1.3 , or if BTC goes past 35.5k.
Otherwise, let's just play it safe and manage your own risk. Leave a comment with your analysis.
