Is that Corona in your HVAC?
Mis à jour
OK, so now we're in that downtrend channel. Boo.
Probably OK to buy at around the green dashed line but...
Dotted orange line is looong term support so the yellow area is the MOABZ (mother of all buy zones).
If that breaks, though, we need to find the grandmother.
IF she's not sick with corona, that is. Because if that wreaks havoc through your HVAC or whatever, I don't think it's a feverish fantasy imagining US folks selling to afford medical care. Technicals are great, fundamentals even better but really fear trumps them all (still pondering if pun intended).
So if that happens - Jah help us all.
And then it's shopping time!
Probably OK to buy at around the green dashed line but...
Dotted orange line is looong term support so the yellow area is the MOABZ (mother of all buy zones).
If that breaks, though, we need to find the grandmother.
IF she's not sick with corona, that is. Because if that wreaks havoc through your HVAC or whatever, I don't think it's a feverish fantasy imagining US folks selling to afford medical care. Technicals are great, fundamentals even better but really fear trumps them all (still pondering if pun intended).
So if that happens - Jah help us all.
And then it's shopping time!
Note
Ouch. Channel broken. Bounce still likely anywhere around the green dashed line ($8,200 level) and the orange looong-term support.
Next channel break is to the upside, whoop whoop!
Note
You can't see it above but we've tagged the channel on the upside. Expect rejection and then approach to orange long-time support. Break eventually. It will be a great summer of love and Bitcoin!
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