Hello!
The situation on the Bitcoin continues to be not very good. We observe a strong discharge, which practically does not stop.
Where are we going? If we pursue the indicators, it would be ideal to get a sharp rebound of 100-200 points from the current, after which it will sink to 3000. Then all the timeframes on the indicators will be unloaded and a confident fall correction can start.
We waited for a long time this correction, but we still don’t get it. And we will not get it until the price finds a confident level of support, and in such a situation it may not find it for a long time. And no, we do not say that the decline will continue up to $ 1,000, we just say that a more or less confident position in long can only be recruited when the price stays at least steady.
If viewed locally, it is likely to be flat. Flat in the range of 200 points in order to gain strength for further movement. It is a pity only that there will probably be movement following the trend, but it is descending here.
Now it’s quite risky to take large positions, because the market shows crazy things because of a lack of liquidity.
Thank you for your attention! What do you think about the market? Welcome to comments!
The situation on the Bitcoin continues to be not very good. We observe a strong discharge, which practically does not stop.
Where are we going? If we pursue the indicators, it would be ideal to get a sharp rebound of 100-200 points from the current, after which it will sink to 3000. Then all the timeframes on the indicators will be unloaded and a confident fall correction can start.
We waited for a long time this correction, but we still don’t get it. And we will not get it until the price finds a confident level of support, and in such a situation it may not find it for a long time. And no, we do not say that the decline will continue up to $ 1,000, we just say that a more or less confident position in long can only be recruited when the price stays at least steady.
If viewed locally, it is likely to be flat. Flat in the range of 200 points in order to gain strength for further movement. It is a pity only that there will probably be movement following the trend, but it is descending here.
Now it’s quite risky to take large positions, because the market shows crazy things because of a lack of liquidity.
Thank you for your attention! What do you think about the market? Welcome to comments!