I've been away for a while. Coming back to make a chart that I think is very important.
We have Bitcoin's 3 Month chart. If we were to look at altcoins, in bear market it tends to come back to prior supports.
You may say that Bitcoin recovered many times before. Yes, it did. Although media coverage wasn't that big, celebrities were not on board as much as they are now.. This bubble is deflating and will take some time to deflate. Although one thing is clear, we are going lower than $2.22.
Bullish rallies in bear markets are vicious and very strong. Do not be fooled because it's very temporary.
Main MACRO supports are in the chart.
@ $3850
@ $152.40
@ $2.22
Ultimately it will go below $2.22.
Until the next one
We have Bitcoin's 3 Month chart. If we were to look at altcoins, in bear market it tends to come back to prior supports.
You may say that Bitcoin recovered many times before. Yes, it did. Although media coverage wasn't that big, celebrities were not on board as much as they are now.. This bubble is deflating and will take some time to deflate. Although one thing is clear, we are going lower than $2.22.
Bullish rallies in bear markets are vicious and very strong. Do not be fooled because it's very temporary.
Main MACRO supports are in the chart.
@ $3850
@ $152.40
@ $2.22
Ultimately it will go below $2.22.
Until the next one
