BTC has broken bearish below a weekly support of $6,200 to see the lowest price in a month.
The bears continue to have complete control and anything on the daily under $6,383 is a lower high.
We will continue to be cautious as bulls, waiting for trend changes to eliminate lots of risk while giving up some reward. There are still Tether uncertainties in the air, the BCH drama... this space right now is certainly not a shining pillar of confidence.
I would either be looking bearish or waiting for a daily or weekly trend change.
Alts have opportunity for day traders, with larger volatility than the major names.
The bears continue to have complete control and anything on the daily under $6,383 is a lower high.
We will continue to be cautious as bulls, waiting for trend changes to eliminate lots of risk while giving up some reward. There are still Tether uncertainties in the air, the BCH drama... this space right now is certainly not a shining pillar of confidence.
I would either be looking bearish or waiting for a daily or weekly trend change.
Alts have opportunity for day traders, with larger volatility than the major names.
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