Be strong...

Morning Folks,

So, BTC shows some upside action and many of people were attracted with this, suggesting that bear trend is over. In fact, this is pure technical things - Middle East people just put some capital into BTC and other cryptos as financial and banking sectors work unstable, some people sell some goods and property to leave the region etc. So, this is just a migration of some capital but not changes in fundamental background.

On the technical side we have quite opposite situation. Take a look what happened on December, when everybody also thought that this is the end? Market collapsed. Now we have absolutely the same pattern in progress - upside AB=CD pullback. But this time our major downside OP target @52K even closer. So, chances that market will ignore it, especially with a such strong bearish momentum on the back are quite low...

Thus we just warn you that current euphoria might be dangerous. Try to avoid it. And around 74-75K area it might be a sell opportunity instead...