chrisatom

2 Year Volume Profile and Pivots for Bitcoin

COINBASE:BTCUSD   Bitcoin
As previously mentioned, BTC is currently reacting to a Yearly Fib Pivot and the next area of volume with a small bounce. Pressure is obviously down and the loss of the 6400 area important. If it does not reclaim 6400 price should now move down to 2500-3100 for the combination of the Traditional yearly pivot and volume spike. Then 1200.

If you honesty believe in bitcoin as a future store of value instead of a speculative tool with no actual function yet, you should be scooping up as much as you can at these prices. Obviously if you've HODL'd all the way down from 20k you've learned a valuable lesson.

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