This is starting to look ugly. I tried to Snap this but the chart wouldn't load. But I figure this is worthy of a post.
My last SNAP, I speculated that we'd dump to around $64K to $58K USD. I'm really hoping that's a worse case scenario at this point. Here's a link to the that post. https://peakd.com/@the-bitcoin-dood/re-peaksnaps-tof3fw
This thing is dumping hard right now. It looks like panic selling is setting in. RSI is way oversold! I really hope $58K is a worse case scenario right now.
The good news is, hopefully we get one nice mega dump, support holds around $58K USD and we get an awesome holiday rally before the new years dump! Remember, people tend to lock in capital gains, and offset some losses for tax write offs. Always expect a little end of year market volatility towards the end of December. Let's pray for a Santa Clause rally!
If support @ $58K USD does not hold. I might expect a small relief rally testing support, then another nice dump to around $55K to even $41K on the worse case scenario. Strap in fam, this thing could get ugly.
Fingers crossed. Lets see how bad things get. I've already started buying back some XRP and BCH I sold at much higher prices. The Dood is in accumulation mode. Bags packed, and hoping for a Santa Clause rally!
NOTHING HERE IS MEANT AS FINANCIAL ADVICE. I'M AN IDIOT ON THE INTERNET WHO CALLS HIMSELF THE DOOD. I'M SELF TAUGHT AND ENJOY SPECULATING ON CHART DATA. GET A LICENSED FINANACIAL ADVISOR, FOR FINANCIAL ADVICE. THAT IS ALL!
