Sitting Tight with Cryptocurrencies - Bitcoin Analysis
Contrary to my normal technical analysis, I've added common Moving Averages used by Hedge Funds on the Daily Chart. Price is clearly below all of them, with a strong break below the most recent Support Zone, which I've labeled "Current Resistance".
My previous analysis notated that Zone as a possible support level, which we have now clearly broken through. Therefore, I don't plan to add anymore crypto to my positions until we have reached the next Potential Support Zone, which I have labeled.
Crypto & Stocks are a waiting game right now, so don't panic or FOMO any positions. Take this time to get better at your analysis process & save money to invest, so you are ready when others are faked out. -@JilianToree
My previous analysis notated that Zone as a possible support level, which we have now clearly broken through. Therefore, I don't plan to add anymore crypto to my positions until we have reached the next Potential Support Zone, which I have labeled.
Crypto & Stocks are a waiting game right now, so don't panic or FOMO any positions. Take this time to get better at your analysis process & save money to invest, so you are ready when others are faked out. -@JilianToree