Bitcoin is moving in a downtrend and also in a larg downtrend channel. The entry and exit of money seems quite slow. I am waiting here for the support to break on the daily time frame and after I took the bearish confirmation, I entered the sell position.
We know the sell position is more likely to occur. Bitcoin is more likely to reach the level 16000$.
The macro economy still doesn't look good and this winter may be the crypto winter on the other hand there is always risk of war, on-chain data also shows the entry of smart money and accumulation of whales, also the countries that they pass the laws related to cryptocurrencies. on the other hand MT-GOX exchange may create selling pressure. we should not forget this exchange.
We know the sell position is more likely to occur. Bitcoin is more likely to reach the level 16000$.
The macro economy still doesn't look good and this winter may be the crypto winter on the other hand there is always risk of war, on-chain data also shows the entry of smart money and accumulation of whales, also the countries that they pass the laws related to cryptocurrencies. on the other hand MT-GOX exchange may create selling pressure. we should not forget this exchange.
Comment:
We are still waiting and have not taken any action