few things to note
btc has been followng a 9 days duration patterns for its ups and downs this month
its 8th day when it went to 10k and back completed its up and down cycle like the
20 to 26th may up and down cycle wave
well it was definitly going up after breaking resistence
but or a moment even i thought it would go past that but RSI and the fact that it held price and failed to move beyond made me not to buy and hold for profits at 12k to 14k level expectations
so what was i expecting
i was expecting to dump to when it was before it went to upward move 9300 levels
and as right now is conccerned
am expecting a 2nd low as well to 89k levels
so i can spot two scenarios here
1 that it will held its price at 9400 and break 9600 again to move up this time to 11k more roughly about neaar this weekend or one week time period
or
2ndly if it breaks 9200 mark once its definitly going to hit 8600 levels
btc has been followng a 9 days duration patterns for its ups and downs this month
its 8th day when it went to 10k and back completed its up and down cycle like the
20 to 26th may up and down cycle wave
well it was definitly going up after breaking resistence
but or a moment even i thought it would go past that but RSI and the fact that it held price and failed to move beyond made me not to buy and hold for profits at 12k to 14k level expectations
so what was i expecting
i was expecting to dump to when it was before it went to upward move 9300 levels
and as right now is conccerned
am expecting a 2nd low as well to 89k levels
so i can spot two scenarios here
1 that it will held its price at 9400 and break 9600 again to move up this time to 11k more roughly about neaar this weekend or one week time period
or
2ndly if it breaks 9200 mark once its definitly going to hit 8600 levels