its fall has been nothing short of remarkable. Mid Dec a peak of approx 19,000 to its current level just under 9000. Stunning. Folks with fantastic expectations, claiming BTC to $100,000 or so..........CC companies have bailed, fear of defaults.
technically gotta reclaim $12,000, certainly must hold $8000...just keeps forming lower highs and lower lows. Wild.
technically gotta reclaim $12,000, certainly must hold $8000...just keeps forming lower highs and lower lows. Wild.
lol. Yup broke $8000 and now she's at a stronger level of support- $7100 ish. She hovered at this level in Nov 2017, couldn't break it, dropped to $5800 ish then sprung back and violently blew past $7100. In Feb 2018 during that violent selloff, it came to said level and support held. Fast forward to late March and here we are again. If she can't hold this level-- free fall to $5800
gotta love the psychology . Love the candlesticks -- the pictorial depiction of fear and greed. In Dec, Fear of Missing Out was spreading like wildfire, folks going as far as taking a mortgage out to buy BTC. Charts showed an absurd vertical ascent.........Now?....FEAR. Happens with any asset. Recently in my neck of the woods-- real estate. lol
gotta love the psychology . Love the candlesticks -- the pictorial depiction of fear and greed. In Dec, Fear of Missing Out was spreading like wildfire, folks going as far as taking a mortgage out to buy BTC. Charts showed an absurd vertical ascent.........Now?....FEAR. Happens with any asset. Recently in my neck of the woods-- real estate. lol
