I know most the user here especially newbie are already in panic due to the current retest on support of BTC to 40K level. I just want to share this TA from my trusted TA analyst to give some hope to those user who's already losing faith to Bitcoin.
This H&S pattern will be rejected once BTC price break the 40K level which is very low to occur since MACD is already bullish on the following week. Keep calm and hodl!
Everyone is on panic now which it is really a typical reaction for someone to have in mind specially that price is always been unpredictable.It is really hard to be calm specially when you are still a newbie or someone who is
new into the market which it is really an unavoidable thing for you to mind on and we know that TA's could be anytime be fucked up thats why im not precisely that too confident on looking whether
we do have some bullish movement next week or something like that because market would be always be having that kind of recovery because there would be only
two possible paths on which it could go.
I understand the feeling of being worried because our portfolio is in decline as I once become a newbie before. But if our mindset is positive, we surely win this feeling and are still to keep calm. And there is one way to help it, never take a look at the market prices every day as seeing the chart in red will something could influence our mind and might turn into negative.
And besides, as we aim for long-term investment, I guess it wasn't needed for us to check the market daily. We just let that price moves up and down, we can take control of it no matter what we do.