It's not often I feel the need to delete every line off my chart and start from scratch because of a single days price action but here we are.
Areas of supply are marked in blue and some key support levels in grey. As far as my sentiment goes, I'm not too confident in the first zone (6000-6500) holding but I put a lot more confidence in the 2nd zone as that's where we saw price turn parabolic in November last year so I'm confident we see a strong reaction from this area.
My attention right now is on the 6425 support level and how price reacts to it; this will help me determine whether the zone holds up or not. Either way this is a great time for people to grab some dirt cheap $BTC and a good learning lesson for anyone that hasn't experienced a melt down of their portfolio yet (this is my first time, don't feel like you're the only one) lol.
Keep learning and don't be disheartened.
@cryptoisascam
Areas of supply are marked in blue and some key support levels in grey. As far as my sentiment goes, I'm not too confident in the first zone (6000-6500) holding but I put a lot more confidence in the 2nd zone as that's where we saw price turn parabolic in November last year so I'm confident we see a strong reaction from this area.
My attention right now is on the 6425 support level and how price reacts to it; this will help me determine whether the zone holds up or not. Either way this is a great time for people to grab some dirt cheap $BTC and a good learning lesson for anyone that hasn't experienced a melt down of their portfolio yet (this is my first time, don't feel like you're the only one) lol.
Keep learning and don't be disheartened.
@cryptoisascam