Big banks & whales love the .786 level.
- Volume = big money coming back
- Pure fear in the market
- Let us not forget the internet bubble
- Big picture moves
- Similar EW perspective
- Oversold conditions
Watching for a bounce off the .786 for a retest of the $6000 - $5,800 range
Then we watch for a bull break in wedge or further downside continuation
New money will come back
The fear and panic in the media is a buy signal
Lots of big changes in the world & this is causing people to rethink things.
Stop watching the news & start listening to your heart
Stop reading BS Crypto articles and watching mindless videos (this can damage your perspective and cause mental noise).
Start focusing on the human emotion and the market cycle
Start dollar cost avg
Think like a whale and don't think at all.
As always stay profitable out there.