Dear subscribers!
In the previous post I wrote to be cautious that on the daily chart there is overbought conditions, and that it could drop #btc . But I also wrote that there would be an attempt to update the peak at $87.400. #btc reached 87.200$ so far and has not yet broken the peak, and it has fallen to 83.500$ for now.
In my opinion, it hasn’t reached the bottom yet, and most importantly we need to see it go above 87.400. That means it should still drop lower and then climb above 87.400. The possible peak I expected was around 88.300$ , but we still have more ahead. Stay alert. Right now the market is expected to have ups and downs both ways, which will allow liquidating both longs and shorts.
Good luck to everyone!
In the previous post I wrote to be cautious that on the daily chart there is overbought conditions, and that it could drop #btc . But I also wrote that there would be an attempt to update the peak at $87.400. #btc reached 87.200$ so far and has not yet broken the peak, and it has fallen to 83.500$ for now.
In my opinion, it hasn’t reached the bottom yet, and most importantly we need to see it go above 87.400. That means it should still drop lower and then climb above 87.400. The possible peak I expected was around 88.300$ , but we still have more ahead. Stay alert. Right now the market is expected to have ups and downs both ways, which will allow liquidating both longs and shorts.
Good luck to everyone!