Bitcoin...stay down!

How exciting are the times we got to witness yesterday, I mean this was market theory at its best! Now yes, I get most of us are investors and enthusiasts, there is perhaps a big group of people who are just seeing this as an investment..the gamble money, the play pot!

I am all of the above and learning by the day, learning TA has been a ball and I am no where close to knowing what I am talking about...well...I guess thats only partially true!

But yesterday was amazing, we saw a clean bounce off the bitcoin 2 week mini-bull-run being denied..The bear trend continues and thats such an easy thing to say unfortunately, but there is mountains of books and text written down on what we witnessed yesterday.

Down to the charts!
BTC/USD

As said, the bear trend continues, the denial comes exactly lined with the trend line and I am loving it! Truly shows...as of right now, as of this week, within this crypto asset..market theory, dare I say..does work!

Yes, this is not the graph we all wanted to see and I think people are definitely feeling or been feeling the pain ever since the Jan bloodbath! We will be seeing string support around the 10k mark again being tested....
And as the charts did look today, there is varying resistance right from the get go and its amazing! There is no action needed for now, you most likely being an everyday investor, watch the charts closely and look out for $9200-10k support levels....we WILL test these levels again and see how that plays out yet again.
But as of today....bitcoin..stay down!

Go vote! They say it counts..
This is not financial advice, all markets carry risks. One should always do their own research before investing