This may be a good opportunity to open a long position, if only considering the long term sideways movement, yet i
would be very careful about the size of the position...
From 1.0862 we could observe an acceleration of the down movement (trading bellow the lower line of the BB50 and higher than the BB20). However ...
From a historical point of view, Stocks are falling during the summer time,(80 % probability) currently the EUR USD is negatively corelated with the DAX and other Indexes.Therefore i see this pair going up till september and the DAX going down. From a fundamental poin of view it has a lot of sence because the Fed ...
This is just an Update see the initial graph bellow,everithing went the way we predicted 4-or 5 days ago.
Hope you did n closed your longs.We mite not finished the correction, but it is a good time to buy.
Breaking the red zone, will open the opportunity to go to 210,
and breaking the 210 with a daily close under this level wil
l eventually bring us to 176. Of course we may see
rebounces but.. we still need the capitulation phase
to finish the bubble..
after this a new era of bitcoin may start.