If you haven’t seen my previous charts, you should take a look! I’ve been with this same idea for going on a couple of weeks now. BTC has formed what I am calling a “death dagger”, and I believe sub $6000 BTC is incoming! I’ve been hodling cash on the sidelines waiting to get my money in at the best time. I am not playing the swing trade game! I tried DCA, but the market is just too volatile for that and I do believe it is dropping. I’ve had my buy orders below $6200 for over a week now.
Key points are still valid:
• BTC is tracking very well with “Dagger” trendlines formed!
• $6500 support level is crucial, if we close below $6400, we will find a new low
• Expecting 5800-6200 BTC within the next 2 days
• The question is, will it bounce from $5800, or will we repeat what we did at $7000
• Of course there is a possibility that 6500 holds, and we may continue to be in limbo!
What do you think? I’d love to hear from you about this!
Feel free to drop a question or comment; I would enjoy chatting with you about our ideas!
Key points are still valid:
• BTC is tracking very well with “Dagger” trendlines formed!
• $6500 support level is crucial, if we close below $6400, we will find a new low
• Expecting 5800-6200 BTC within the next 2 days
• The question is, will it bounce from $5800, or will we repeat what we did at $7000
• Of course there is a possibility that 6500 holds, and we may continue to be in limbo!
What do you think? I’d love to hear from you about this!
Feel free to drop a question or comment; I would enjoy chatting with you about our ideas!
