đđWhy is BTC falling down?đ„đš
The answer to that is plain and simple, $BTC has recently closed a monthly candle in green. đđđ„
After closing a green candle, the next candle usually falls down to correct a possible over valuation. In it's journey down, price action will seek established support points.
These points will either push the price up, hence a bounce happens, or will break down, turning the said support point into a resistance. đ„đ„
The question is how will we know if this correction will bounce back up or will just break down?đ„đ
Hmmm, to answer, let's not look any further. Let's turn our curious eyes into the BTC chart.đđ„
The $BTC monthly chart has always been bullish. For months now, It's been consistent on it's stand.
At first glance you'll see a huge bullish double bottom. It has long been formed and upside target is 107k. đ„đđđ
Hence, at this point, the best way to go is to buy each dip, hodl, and most of all be patient. BTC will always be moving in zigzag as it paves its way up. đđđ„
$DYOR. NFA.đ„đ
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Chart belowđ
