btc short term
As the whole market is red and a lot of fud is spreading, the trading opportunitites are still there.
Right now btc is in its 3rd wave after breaking a bearish pennant. This is the biggest wave of the 5 and as we can see the 2nd wave wasn't big.
So for now we can expect a stronger 4th wave. The places to buy here would be at the bottom of the channel and sell when we get near wave 1.
The only thing here to keep in mind is that the tether audit is going to happen the 6th february.
As a lot of rumors have been going around that not every tether is backed by a dollar, the outcome could have a big effect on bitcoin and the other coins.
Right now btc is in its 3rd wave after breaking a bearish pennant. This is the biggest wave of the 5 and as we can see the 2nd wave wasn't big.
So for now we can expect a stronger 4th wave. The places to buy here would be at the bottom of the channel and sell when we get near wave 1.
The only thing here to keep in mind is that the tether audit is going to happen the 6th february.
As a lot of rumors have been going around that not every tether is backed by a dollar, the outcome could have a big effect on bitcoin and the other coins.
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