I had a bid on BTC which was a little bit lower than that support (yellow dashed line, I'll post a 4h screenshot in the comments) and it triggered this morning, after 12 days. This just to say FIGHT THE FOMO, control your emotions!
Price is currently on 0.618 Fib line, if it goes lower will reach again the major channel support (blue line). Volume has spiked only on the 4h chart which usually indicates bottom is in, but on the daily it's not enough yet to make me think so. However we still have 12h until the closing of the daily and the weekly. Indicators don't make me think this is the bottom as well. On the 4h price has hit the TMA lower band though (check comments for the screenshot).
Only thing you can do now it's to accumulate with DCA but do it only when it reaches supports, so now and then only if we go to the channel lower band.
Good Luck
Price is currently on 0.618 Fib line, if it goes lower will reach again the major channel support (blue line). Volume has spiked only on the 4h chart which usually indicates bottom is in, but on the daily it's not enough yet to make me think so. However we still have 12h until the closing of the daily and the weekly. Indicators don't make me think this is the bottom as well. On the 4h price has hit the TMA lower band though (check comments for the screenshot).
Only thing you can do now it's to accumulate with DCA but do it only when it reaches supports, so now and then only if we go to the channel lower band.
Good Luck
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Here the 4h screenshot
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FYI, in my TA from 11th of February I had this coming, go check it in my previous signals!
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I'm partially optimistiic on price holding 0.618 Fib Line, as I said before if price goes lower than here we'll retest the bottom of the channel, on the contrary we should be able to see a reversal!
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What if this is the bottom channel retest? If it is a reversal could have started already
at 4h the downtrend breakout is clear:
at 4h the downtrend breakout is clear:
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Yesterday daily candlestick's volume spiked suggesting a reversal but current 1h and 4h don't look good. Waiting for BTC to be more clear