The market is weak.
Mt.Gox repayments will be in BTC, and this will start next month. The German government has also been sending BTC to exchanges and FlowTraders, likely to be sold OTC.
I would wait until the market looks stronger / is able to reclaim 63k, before longing. I see possible downside of 10-20%.
Mt.Gox repayments will be in BTC, and this will start next month. The German government has also been sending BTC to exchanges and FlowTraders, likely to be sold OTC.
I would wait until the market looks stronger / is able to reclaim 63k, before longing. I see possible downside of 10-20%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.