Bitcoin Tank Coming?
Charts speak louder than words...
This post isn't going to say much in words,
but has a BIG message!
Bitcoin just bounced off the RED LINE again for the 6th time in a row
(1 hour before this post)
No need to explain any further...
We're going DOWN
And what I mean by "DOWN" is...
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BY THE WAY...
Steem pump = Bitcoin dump.
This is not financial advice.
Just a warning and a hint that maybe it is better to SHORT?
I don't know....
Remember to do your own due diligence.
Don't come blaming me.
Remember, Bitcoin has a mind of its own, and ANYTHING can happen!!!
And don't forget. (some people do forget)
...that Bitcoin WILL go up and down, but the trend could be most likely down.
Lower highs, lower lows.
All I see is what I see on the charts.
Support Lines below
1st support - 9300~9100
2nd support - 8600~8800
3rd support - 7600
4th support - 4000s
5th support - 2000s
Steem Update
Bitcoin Update 5/22/2020
There is more downside, I'm afraid.
Hope for the best!
Bitcoin is kinda fickle at this point because it is topped out.
It could go on a Bull Run because the charts are saying it will.
But we have to think it could go the other way @kaminchan.
Bitcoin has a lot of 'fakes' and trickery in the market.
The reason it is so difficult to know the direction is because the market is controlled by the investors minds and psychology.
It could actually go either way. Nobody knows.
But my gut says something hard to explain.
I often refer to the Fear and Greed Index for stats on bitcoin psychology.
https://alternative.me/crypto/fear-and-greed-index/
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