It is quite possible.
As the theme has changed repeatedly from "digital currency" to "digital gold" ..."store of value" , enthusiasm has dwindled.
It does, however, offer great trading opportunities with well defined r/r lvls.
You can also short via fut contracts & options, if so inclined.
While a drop to 5-6k is very possible off the parabolic breakdown, the capacity for a vicious rally back up is just as feasible.
61.8% fib.r has proven a great "scalp" area so far.
Failure to bounce back to (~10k) will provide an incredibly negative technical backdrop
It is quite possible.
As the theme has changed repeatedly from "digital currency" to "digital gold" ..."store of value" , enthusiasm has dwindled.
It does, however, offer great trading opportunities with well defined r/r lvls.
You can also short via fut contracts & options, if so inclined.
While a drop to 5-6k is very possible off the parabolic breakdown, the capacity for a vicious rally back up is just as feasible.
61.8% fib.r has proven a great "scalp" area so far.
Failure to bounce back to (~10k) will provide an incredibly negative technical backdrop