I suggest you wait on your buying 'cause I really think we will be going back down to 25K. We do have 26.5K along the way, but it ain't what I consider a major support and I think it'll break down rather quickly. Unless there's an abrupt turnaround, here's what I see going forward. Weekly Another possibility could be the Cup & Handle pattern. But then, that's only if we ever get back up again.
Thanks! Too late, though, I've already added to my Pepe position and also to MPX position I hope you're already short at least one of us will be making profits on the decline
He should have done what I do. Wait until the bears do the 'Bitcoin is going to zero!' thing. Then double-down on the asset at that point. "I buy meme tokens all the time- nothing happens!" That's the new breed of the oldschool penny-stock investor/trader right there... Though I prefer to use the proper term 'degenerate gambler', but I can't use that term anymore, it's offensive and someone will get butt-hurt in our PC society. Everyone gets a trophy now adays...
I made a blooper today. Misread 28,000 for 28,800 and took a short just below 28K. What an idiot. Here's what I think will happen. We go up to roughly 29K (or 28,800 to be more precise) then roll over and go down to 25K. After that, I'm pretty damn sure we rally. But then again, everything remains to be seen.