A friend sent me down the road of looking at the spider charts again, and and kind of spotted something on the 6 DAY Broad View, that has nothing to do with the current situation of course; but it is intriguing, as well as frightening perhaps to some who don't protect their assets with Stop Losses...
This is somewhat of a "what IF" type of scenario... Against some very real possible realities.
On the more grand scale of things with regard to price supports, we really only have a few major supports to catch BTC if a major market crash happened, which many are saying is on the near horizon...
- Even looking at the VPVR; the ranges of support diminishes greatly beyond 12k
- The few stops along the way that I can spot on this chart are:
50k
42k
19k
12.4k
So be ready to by some of that 12k BTC if the markets make a nearly 400% dump.
You will have to act fast as the Fire Sale will only last for minutes or hours at best. Haha!!
I just had to post this for posterity in case it ever happens, so I can say I told you so. LOL!!
Remember, keep your friends close and your stop losses closer!!
CryptDude (CryptDollar)
This is somewhat of a "what IF" type of scenario... Against some very real possible realities.
On the more grand scale of things with regard to price supports, we really only have a few major supports to catch BTC if a major market crash happened, which many are saying is on the near horizon...
- Even looking at the VPVR; the ranges of support diminishes greatly beyond 12k
- The few stops along the way that I can spot on this chart are:
50k
42k
19k
12.4k
So be ready to by some of that 12k BTC if the markets make a nearly 400% dump.
You will have to act fast as the Fire Sale will only last for minutes or hours at best. Haha!!
I just had to post this for posterity in case it ever happens, so I can say I told you so. LOL!!
Remember, keep your friends close and your stop losses closer!!
CryptDude (CryptDollar)