If BTC just wants to hold the line at 5,800, then basically I believe this is bad...."
Why it has to bottom more? Could you elaborate some more on this.
By the way, great post as usual!
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If BTC just wants to hold the line at 5,800, then basically I believe this is bad...."
Why it has to bottom more? Could you elaborate some more on this.
By the way, great post as usual!
If you study crypto charts, when it makes that type of formation, where all the crashes pick a single level to recover at ... like 5,800. Then that means the capitulation does not end until the market stops rallying and volume decreases. That type of bottom, the chart could sit there 4 months doing nothing.
Bottoms that form from faster crashes can keep people interested with decent volume.