zoom out, every cycle that support line was the most important
I remember that long time ago, from 2015 to 2017 that initial cycle support line was the most commented thing in the space,
that initial support line was the buy area for everyone, but people seem to forget about the past.
Anyways, we are stuck between the 21 and 50 weekly graphs, the shadow reached the initial support line and we stayed above the 50 weekly.
Today we have many bad news in the crypto space, including governments (Russia) trying to confiscate crypto from people (why if is worth nothing?), Brazilian central bank planning an organized attack on BTC (they have no ideia of what they are talking about, neither have that power to do so), and many other fear news that seem to be making things worse then they actually are.
I am not here to tell you to buy or to sell, but always remember, we play an anticipation game here, take a look at the amount of leverage traders out there that were liquidated these days,
do you think they wanted to sell or they were forced to sell? They were forced to sell, and when whales see that opportunity to buy more from leverage traders that get liquidated they take it.
Have a good one guys, don´t use leverage.
that initial support line was the buy area for everyone, but people seem to forget about the past.
Anyways, we are stuck between the 21 and 50 weekly graphs, the shadow reached the initial support line and we stayed above the 50 weekly.
Today we have many bad news in the crypto space, including governments (Russia) trying to confiscate crypto from people (why if is worth nothing?), Brazilian central bank planning an organized attack on BTC (they have no ideia of what they are talking about, neither have that power to do so), and many other fear news that seem to be making things worse then they actually are.
I am not here to tell you to buy or to sell, but always remember, we play an anticipation game here, take a look at the amount of leverage traders out there that were liquidated these days,
do you think they wanted to sell or they were forced to sell? They were forced to sell, and when whales see that opportunity to buy more from leverage traders that get liquidated they take it.
Have a good one guys, don´t use leverage.
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