The price was going nuts and now seems to have stopped falling for now and also slowly rising up for a little while as well. What are your thoughts, is it going to fall more or would it start to rise again and recover all the money that was lost.
And what if this rise in price is just temporary and the price would again reach $34k and breach that support as well, what would happen then, what is the next support to look out for in case the market bleeds more in the coming days.
And what if this rise in price is just temporary and the price would again reach $34k and breach that support as well, what would happen then, what is the next support to look out for in case the market bleeds more in the coming days.
TA aside history tells us that this isn't the bottom. Market sentiment is leaning bearish so we can easily dip in the 20s only a bad coue of days. I think 2022 crypto markets will largely be determined by the overall economic sentiment which is looking bearish as well. The world economy has been propped up for 2 years during the pandemic but at some point the economic impact will be felt across stocks, housing, commodities and....crypto. I'm buckling in for a long drought. Just enjoy the CA of your portfolio knowing it will break and continue to rise eventually.