Very basic prediction for the next week or so

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
539 1 6
Just looking at the recent bear trend that we're in with regards to the Fibonacci retracements from 275. The volume is fairly dead and it's my opinion that the recovery to 400+ was over-extended with whales and FOMO moon children. With all that time spent around 380-390, I think the market is making up for lost time with some proper bleeding and that the end isn't in sight yet.
I think on monday it is very probable Gold will continue tanking, BTC will follow, but not to forget, first day after weekend and a new month besides that, creeps me a little for not to see a surprising spike or sty. :D
+2 Reply
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