28.8K support seemed strong this morning but it is in the process of breaking down. After that there is no real support until 10k. The line at 19k is resistance, it has never been tested as a support line.

People will become too frightened to invest in crypto, after falling by more than 80% in price. This will cause prices to go even lower, perhaps into the 3k-5k range.

It might sound alarmist, but if it wasn’t such a major crash, resitance would take longer to break. There would be opportunities to make money during the bounces. Instead, it’s heading almost straight down with only the tiniest of bounces in the middle.

The good news is that once this is over, there will be opportunities to buy a lot of crypto at very good prices.