With TARGET 3 breakout, the pair has also almost reached our bearish
TARGET on weekly chart (see chart below), without triggering a technical rebound on smaller time frames, that said, the trend still remains bearish
. If we look at the whole crypto market in general, we see that all the pairs have almost failed, and at the moment, from a fundamental point of view, we do not see a trend change in short term. Having said that, we are convinced that bitcoin
will still give us interesting short and medium term trading opportunities.
WEEKLY ANALYSIS (Part. 1)
WEEKLY ANALYSIS (Part. 2)
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