I've been bearish for a while... I figured I'd publish this and see if first support holds. Ultimately, I do see 55-53 coming, and sub 5k... I believe the next few months will be within the 4-7k range. I'll adjust with more details as I go. We couldn't break that support. Double tops upon double tops- wicks and closed candles stuck from 65-6550. I'm not convinced the 5770-6k support will hold.
The break was a matter of time and here we are. You can scalp a bounce once settled. But, I'd keep a short open for now.
Not a detailed analysis, as I'm tired. I'll update when necessary. Previous BTC posts can further explain my overall sentiment.
I don't believe this wave is over.
The break was a matter of time and here we are. You can scalp a bounce once settled. But, I'd keep a short open for now.
Not a detailed analysis, as I'm tired. I'll update when necessary. Previous BTC posts can further explain my overall sentiment.
I don't believe this wave is over.
Comment:
The range for a few "months" time frame is far premature, I'd edit that out. Too long for this particular market.
Comment:
A bad analysis driven by the price movements of previous months and not a strategic approach to future price action. Live and learn.