Guys, what we warned about has happened.. We broke the $74,000 barrier yesterday, and this level was the last hope for the "bulls" to prove that we are still in a bullish market. Now, everyone is starting to really believe that we are in the heart of a "bear market".
Why didnโt we wait for the monthly confirmation? ๐ง
Since October and November, I've been telling you:
* The market gave us the exit signal a long time ago when it broke our key levels, and there was no need to wait until the price reached here.
* The problem is if you waited for the monthly confirmation at 74,000, you will find Bitcoin dropping more than $50,000 and the alternative currencies (Alts) are finished and collapsed.. and thatโs whatโs happening now unfortunately.
* My strategy is always "the lead" which means we read the movement on the daily and weekly frames before the axe hits the head.
Whatโs the situation now? Where are we going? โก
* Temporary rebound: Despite the strong drop, I expect a "local bounce" in the near future.
* Opportunity zone: The area from $70,000 to $74,000 has always been on my mind as an ideal area for this rebound.
* A heartfelt advice: Donโt rush and say this is the "final bottom". The chart right now is like "the knife that fell from the sky", and itโs hard to hold onto it. A local rebound is possible, but the real bottom needs time and accumulation and longer confirmation.
The essence: I've had my eye on this area for a long time, and I see it as a nice rebound area for traders, but be careful!
#TrumpEndsShutdown #USIranStandoff #KevinWarshNominationBullOrBear #TrumpProCrypto #GoldSilverRebound $BTC
