We are at a crucial point, if we break the trendline we might go up. Are we there yet? No. The next target is 12k+.
Remember guys, while everybody is bullish, you want to do the opposite. In worst case scenario you can always catch up this level in the next dip.
Now you should play safe because if we experience a major drop, that can easily create enough panick to bring us back at the 0.236 Fib level. And create a new feeling of anxiety that will confirm that we are not out of the bear market. Not to mention the low volume and the RSI that shows us that we are in a dangerous zone.
Stay safe everyone.
Remember guys, while everybody is bullish, you want to do the opposite. In worst case scenario you can always catch up this level in the next dip.
Now you should play safe because if we experience a major drop, that can easily create enough panick to bring us back at the 0.236 Fib level. And create a new feeling of anxiety that will confirm that we are not out of the bear market. Not to mention the low volume and the RSI that shows us that we are in a dangerous zone.
Stay safe everyone.
Trade active:
As predicted, any dip is going to have a massive PTSD effect on crypto traders.
We might retest the 11.5k level, and even reaching 11.7k to 12k. But we are certainly not keeping it. Because you already know that a lot of traders are expecting a dump around this area.
From now on if we retrace to anything below 10.3k. You can be sure that we are in bear market again and going down retesting the 9.3k area.
I hope I'm wrong, we'll see.
We might retest the 11.5k level, and even reaching 11.7k to 12k. But we are certainly not keeping it. Because you already know that a lot of traders are expecting a dump around this area.
From now on if we retrace to anything below 10.3k. You can be sure that we are in bear market again and going down retesting the 9.3k area.
I hope I'm wrong, we'll see.