Bottomless or reached bottom?

2020年3月12日

Hello there beautiful person!
How are you all feeling after a red week in stock and crypto market, with still even more red day today?
Are you looking for buy-in, or selling to cash out?

On my part, I did not expect this heavy drop in crypto this fast. I expected a drop, as I do with gold price before it goes up, but not this fast and so hard though.
BTC/Euro is at a very interesting point right now at 5044, and it crossed a very large support line at 5268.
The million dollar question is: will the price hover around that major support line or not?

Next support line after 5268 is 3680, and that is the support line I think is the most likely bottom.
However the optimist in me tells me that 5268 is the lowest low we will have this time around, until next bad news comes our way.

Personally, my buy order got activated around 6500 so my cash is spent; and now it is time for me to watch this unfold.


Wish you all a safe week, and dont forget to wash your hands well.