LuisLizama

BTC.USD Sell Intraday/Swing Trade

Short
BITSTAMP:BTCUSD   Bitcoin
Let's be real BTC.USD was and is a little overbought right now. We need to see a healthy market correction and flatline for substantial future growth to prove the maturity of this market. I do not think we will go past 20,000 and or even 15,000. BTC.USD still mainly driven by humans unlike other markets will see the price of BTC drop to a psycological level of 10,00 and probably hold.

Reasons for Sell:
Price is overextended.
Traders will be more likely to not follow FOMO.
Healthy correction is needed.
Price drove up to quickly

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