Post
Topic
Board Trading Discussion
Re: FALLING FALLING!
by
lombok
on 12/11/2023, 13:16:50 UTC

I don't think so that we are still in the bearish market since you said it's retracement but I can say that those are strong supply which there's a high chance that the price would respect that area.


When the EMA 200 was broken and the trend changed, I also don't dare say that now we are still in a bearish phase. Apart from discussing support and resistance with TA, Bitcoin's fundamentals have also improved recently, Fomo halving and ETFs have made investors and retail feel confident that BTC will continue to rise. So regarding the OP who stated the double top has been refuted because Bitcoin experienced a rebound to $38K a few days ago. This is very dangerous if we go against the flow, especially with Bitcoin's fundamentals which have been good recently.