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.
So, I was right about Short yesterday... Check, please, I have updated my idea - think about distant marks near $3,500:
What do you think about it?
pkb6698
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Total Coin Market Cap (2) : 2014 vs 2018
I think this drop is a pedestal for future rise.
Ronnie_Dong
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TheAlphaTrades
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Good morning folks! In this analysis I talk about BTC bloodbath | Our 5500 prediction | Where to next? | Free trade opportunity:
frupreneur
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CopyPasteProfit
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Hi, from a strictly TA standpoint this is the chart I've been working off of for about 3 months documenting the fall if anyone would like to fallow along. The data hasn't changed so there hasn't been any need to post any new charts on the larger picture of BTC besides the Bitfinex Premium right that has it thrown of a little bit.
MaaporM
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UnknownUnicorn1401775
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Ye, Man!
CryptoFido
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BTC will go to 6.1k then 5.8k then 5.6k before a real bounce up!
What do you think about it?