Hello,
The situation has not changed since our last idea on the BTC / USD pair.
The price still oscillates in the mirror level and as long as it does not come out, there is no real signal to take a position.
That said, the signs would look more for a fall than a rise for the simple reason that since the last fall of the price from the 9900 to 7800 zone, there has still been no rebound on the rise, buyers have struggling to take control and that is materialized by the resistance from the midline of the Bollinger Bands, reason why I would bet more for scenario 2 than scenario 1.
The coming weeks may hurt Bitcoin holders badly, which is far from the case for Altcoins. Better trade alt coins agains BTC than USD until there is a real confirmation on BTC.
Guys, If you like the idea, do not forget to like it, it will give it visibility to other traders.
If you think differently, do not hesitate to share your comments.
Have a nice trade.
The situation has not changed since our last idea on the BTC / USD pair.
The price still oscillates in the mirror level and as long as it does not come out, there is no real signal to take a position.
That said, the signs would look more for a fall than a rise for the simple reason that since the last fall of the price from the 9900 to 7800 zone, there has still been no rebound on the rise, buyers have struggling to take control and that is materialized by the resistance from the midline of the Bollinger Bands, reason why I would bet more for scenario 2 than scenario 1.
The coming weeks may hurt Bitcoin holders badly, which is far from the case for Altcoins. Better trade alt coins agains BTC than USD until there is a real confirmation on BTC.
Guys, If you like the idea, do not forget to like it, it will give it visibility to other traders.
If you think differently, do not hesitate to share your comments.
Have a nice trade.