I saw somewhere that $6000 is the 200 day SMAA and it will bounce back from here in few weeks as smart money comes in with their trading bots .
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I saw somewhere that $6000 is the 200 day SMAA and it will bounce back from here in few weeks as smart money comes in with their trading bots .
yeah I saw that too, but maybe they were looking at a different scale or exchange than me. I have mine set to the 1 day scale with coinbase, and the 200 day SMA is about $8000, and the 365 day is about $5000 dollars. The Fibonacci support is at 5000 as well, so $5000 is not out of the question as the bounce level, but the price is holding at $6000 so maybe I need to change some things on my chart setup.
How long do you think it will stay at 5k-6k range ?
personally I hope the market stays down for a while so there's time to accumulate, and so that the next bubble is utterly massive.