Look at this chart...
Red was a mistake, retail were in a manic buying frenzy, the likes we will most likely not see again for a while (if ever again) for Bitcoin.
White looks like a more sensible outcome, which means the price still has a long way to drop...
For clout when I’m right
Feel the green box will be a bottom. Any lower and now public will probably start buying whole Bitcoins
More seriously, this area is based of a fixed range volume profile from the last time pa was in this area. Top and bottom of the box were hvn’s previously.
you could take a risk with a larger stop loss here, but, i don't think that's worth it, and definitely not worth getting trapped in during this bear market
was in accumulation, is now trending up, large volume spikes makes me think this is still be bought up (not so subtle accumulation)