Is the run in Bitcoin over?
After an impressive run up over the last few months, BTC has made an impulsive move down, which looks to be a clear End of Trend signal IMO
The Perma-Bulls will probably try to buy this up and try to test the highs, but it feels like we've got a fair bit more downside to go to me.
I'm thinking a pullback to the 0.38 Fib retracement and round number 40,000 level or lower wouldn't be out of the question.
Will be interesting to see what happens next.
Cheers and trade safe
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
The Perma-Bulls will probably try to buy this up and try to test the highs, but it feels like we've got a fair bit more downside to go to me.
I'm thinking a pullback to the 0.38 Fib retracement and round number 40,000 level or lower wouldn't be out of the question.
Will be interesting to see what happens next.
Cheers and trade safe
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
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