Seriously... $BTC is now heading towards the $70k levels and this October is getting worse day by day đŹ
Bitcoin has already broken that $82,500 support we were watching yesterday... and now trading around $80,600 with -3% dump.
The next major support is around $80k and if BTC breaks below this too... $77k and then $75k are the next levels i am watching.
Remember $75k was the previous bottom from where Bitcoin started that rally towards $87k... so losing $80k could bring us back to that same level again.
Bitcoin and whole market has dumped so bad... just look at NEAR , ZEC, ETH, BNB and all.
And $NEAR ... this one hurts a bit đ„Č
After touching $5.59, NEAR has broken that M pattern on 4H and dumped straight to $4.39 with -14% in last 24H.
The $4.6 support is already gone and now $4.1 is the next major area i am watching... still bullish on NEAR for long term but short term structure is clearly bearish.
Meanwhile $ZEC has also dumped hard from $1,698 to $1,135... almost 33% correction from that high.
But as long as ZEC stays above $1,050 support i still believe we have a chance for recovery... losing $1,050 could bring back $1,000 and even lower levels.
Now about buying...
I have already set my DCA plans for this RED market... but i am not going to blindly keep buying every falling candle đ
First i want to see some proper reversal and buyers coming back around these support levels... then i will start accumulating BTC, NEAR and ZEC in small portions.
Because buying early is important but protecting your capital is even MORE important... no point catching every dip when market is still bleeding.
Stay safe buddies... we will get our opportunities đȘđ»
đ DYOR!
Bitcoin has already broken that $82,500 support we were watching yesterday... and now trading around $80,600 with -3% dump.
The next major support is around $80k and if BTC breaks below this too... $77k and then $75k are the next levels i am watching.
Remember $75k was the previous bottom from where Bitcoin started that rally towards $87k... so losing $80k could bring us back to that same level again.
Bitcoin and whole market has dumped so bad... just look at NEAR , ZEC, ETH, BNB and all.
And $NEAR ... this one hurts a bit đ„Č
After touching $5.59, NEAR has broken that M pattern on 4H and dumped straight to $4.39 with -14% in last 24H.
The $4.6 support is already gone and now $4.1 is the next major area i am watching... still bullish on NEAR for long term but short term structure is clearly bearish.
Meanwhile $ZEC has also dumped hard from $1,698 to $1,135... almost 33% correction from that high.
But as long as ZEC stays above $1,050 support i still believe we have a chance for recovery... losing $1,050 could bring back $1,000 and even lower levels.
Now about buying...
I have already set my DCA plans for this RED market... but i am not going to blindly keep buying every falling candle đ
First i want to see some proper reversal and buyers coming back around these support levels... then i will start accumulating BTC, NEAR and ZEC in small portions.
Because buying early is important but protecting your capital is even MORE important... no point catching every dip when market is still bleeding.
Stay safe buddies... we will get our opportunities đȘđ»
đ DYOR!