BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Dear traders,
Last week was the first time in 2018 we saw bitcoin hit under 6,000. On the 1 day chart here we can see BTC looks like it is still heading down and down despite the odd day or two of upside, we're definitely not showing any signs of breaking this down trend however I do believe we're on a nice uptrend for the short term at least like every other time bitcoin hit a new low this year since the $10,000 bitcoin price in late December. I believe we may even see $8,000 again for the short term before going down even lower this time to test the $5,400 levels. But even then I still believe it has a LOT further to fall. Take a moment and think to yourself what makes bitcoin a $6200 asset at the time of me writing this and does it really have enough to show for a $100+ Billion market cap. I highly recommend every one to look at bitcoin using the Renko strategy if you want the see bitcoin from a very simple but clear perspective of its very clear trend.
Do not use my advice to base your decision solely off, please do your own research before you carry out any financial move risking capital.
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