L1 - Historically 200 Weekly MA acted as a support
L2 - Capitulation of a previous bear market (attack on miners profitability)
L3 - Previous ATH which haven't been tested yet (matches with 0.618 Fibonacci Retracement)
L4 - Potential worst-case scenario bottom (matches with 0.702 Fibonacci Retracement)
Have in mind that below $4000 mines are unprofitable
Investors might play the market for halving
FIAT crisis with developed markets correction is just a matter of time
I am personally DCA bullish
L2 - Capitulation of a previous bear market (attack on miners profitability)
L3 - Previous ATH which haven't been tested yet (matches with 0.618 Fibonacci Retracement)
L4 - Potential worst-case scenario bottom (matches with 0.702 Fibonacci Retracement)
Have in mind that below $4000 mines are unprofitable
Investors might play the market for halving
FIAT crisis with developed markets correction is just a matter of time
I am personally DCA bullish
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