Is a tough season for anyone in the HODL camp, wondering how much pain they will have to endure...
Or an important one for anyone waiting in the wings to jump back into the market, hoping for another incredible ride back up.
The main question seems to be what is the capitulation bottom going to be?
Obviously no one knows, but happy to share my thoughts...
- Looking at the support to buy 4k seems to be where they are waiting currently
- A TA measured move provides a target similar, depending on which exchange you are using
- if you are using coinbase or bitstamp etc then would be lower than that
- Also will be interesting to see if a reversal pattern forms - watching with interest
Would be great to hear other comments and thoughts too