Good entry point for some gains, but it will get cheaper. You'd with think we were trading bitcoin or something. Like every market, we are going through a major correction right now.
BTC is going through the motions of 2014 after it's peak. We are in a state of dismay and capitulation. While everyone is talking about how crypto is dead, the opposite reaction should be get ready to buy a deal. Gains are less volatile and entering a long state of consolidation. We have not seen the bottom yet but we are close. Soon the news will confirm...
Waiting for resistance to break. Take your profits.
Expecting a dip before climbing back up towards the last base.
Volume dropping. Stoch and RSI dropping. Steeper wedge forming inside wedge. Always take your profits and follow the story...
We are near a base and taking profit. Shorts are primed with energy.
Base crack. Huge sell off. Buys are set up. Planning recovery.
With the intro of future ETF on BTC. It might be a good time to prepare for the next big Bull Run. The Banksters, and the herd, are about to really follow. While we can see an increase up to a possible 3x the last parabolic peak, a conservative follow to about 2x-2.5x is more logical before the next correction. The Futures market was successful in calling the...
Short. Predicting a big sell off back to around $8k. Cracking a base is good. The deeper it dives the greater chance for a bounce back. The argument of buyer vrs seller continues before the next rally.
Trend line has moved. Looks good very soon but I would still wait.
Your next decision is how long you are willing to risk to maximise profit.
Hoping for another spurt of growth here after all of the Congo FUD