From one of my telegram channels:
Crypto Lion'sTue
9.6KBased on the way things have gone so far, BTC will continue to lose buy volume, and has tested every support and failed. If there are so few buyers then the bears will certainly win. Every picture painted shows a continued failure to hold. It's likely to pierce the red triangle, and then test the first major support on the way down fairly quickly. Because of all the FUD and scared money, the inevitable is the only outcome unless enough people rally and buy to hold the value (doubtful), and even then can it stabilize? So many people have lost money so it's hard to convince people to invest what little they have or don't have anymore. I sure wish we could fight the selloff, but the reality is, the nature of this investment is a gamble, and the nature of investors is to protect their nest egg at all costs""
Crypto Lion'sTue
9.6KBased on the way things have gone so far, BTC will continue to lose buy volume, and has tested every support and failed. If there are so few buyers then the bears will certainly win. Every picture painted shows a continued failure to hold. It's likely to pierce the red triangle, and then test the first major support on the way down fairly quickly. Because of all the FUD and scared money, the inevitable is the only outcome unless enough people rally and buy to hold the value (doubtful), and even then can it stabilize? So many people have lost money so it's hard to convince people to invest what little they have or don't have anymore. I sure wish we could fight the selloff, but the reality is, the nature of this investment is a gamble, and the nature of investors is to protect their nest egg at all costs""