Looks like we ended up with an extended fifth wave! Quite interesting that this historical support failed. Prices are now stabilizing around 6.8k$ (which was my most pessimistic scenario and I considered unlikely. This is historical support #2, which I did not mention in this post). In my mind, this almost qualifies as a panic sell - which is quite cool to be a part of actually!! It doesn't occur so often! It seems that BTCUSD long positions have recovered substantially as well with huge volume. I think we finally hit the bottom. There is nothing left to sell!
Looks like we ended up with an extended fifth wave! Quite interesting that this historical support failed. Prices are now stabilizing around 6.8k$ (which was my most pessimistic scenario and I considered unlikely. This is historical support #2, which I did not mention in this post). In my mind, this almost qualifies as a panic sell - which is quite cool to be a part of actually!! It doesn't occur so often! It seems that BTCUSD long positions have recovered substantially as well with huge volume. I think we finally hit the bottom. There is nothing left to sell!