Lately I've been looking at Bitcoin after the recent 30% drop and considering it as a potential place to start building a position. I've got around 10k set aside for investing and I'm still pretty new to the whole process, so I've been trying to get a better sense of how different assets behave during pullbacks. Bitcoin in particular has caught my attention.
I've been comparing a couple of charts that seem to give completely different signals-one points toward a possible end of the sell-off, while the other looks like there's still room for more downside. It's been interesting trying to make sense of how conflicting indicators can coexist and what that says about market sentiment overall.
Just putting my thoughts together as I watch how things develop and try to understand the bigger picture around BTC and the current market environment
Charts
https://ibb.co/s72bCsn
https://ibb.co/DDGKD0wD
