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Wait for Bitcoin's $30k Dead Cat Bounce
As I have discussed in earlier posts, I foresee a sharp drop to 30k before dead cat bounce.
Obviously, there appears to be a 200 SMA support level at 40k, but the real bounce is more likely to happen at 30k.
You can find my earlier thoughts on BTC's bubble burst in the Related Ideas section.
I'm launching a new "Tweeter-lite" type of website + app for deep understanding of how the industry works. It is called chaincritics. It'll arrive next month.
Obviously, there appears to be a 200 SMA support level at 40k, but the real bounce is more likely to happen at 30k.
You can find my earlier thoughts on BTC's bubble burst in the Related Ideas section.
I'm launching a new "Tweeter-lite" type of website + app for deep understanding of how the industry works. It is called chaincritics. It'll arrive next month.
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