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CRYPTO MECHANIC
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That was literally the top of
$PEOPLE
if you chased it that day.
Down over 50%
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CRYPTO MECHANIC
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$PEOPLE Update
As long as the price doesn't break and holds above $0.1400 on a daily closing basis.
I don't think it's wise to buy it here knowing the fact that the price is up over 600% without a significant pullback.
i think buying here holds higher risk than the reward.
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$BTC Weekly chart update Well technically price is currently trading below the weekly range we had for the past 16 weeks. A weekly close below $59k will make me think that price may revisit this week's low again as long as we don't see it reclaim this broken low. While the weekly close back above the range lows would be bullish. Lets see where this week ends, so far it's not a good looking candle even after that bounce as it's below the weekly structure.
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This is the time you start paying attention to high timeframe charts only (Weekly chart). Zoom out and see possible area prices can reach and then start scaling in once price reaches there to get a good LTF bounce. Focusing on small tf will get you nothing in such market condition.
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