It's very likely based on the volume and lost momentum that Bitcoin could have a slight flash crash down to the $14,900 range.
Takeaways:
-The bullish hype momentum has slowed down, and the longer it takes the bulls to pick it back up, the stronger the bearish case is.
- A second drop seems likely, not more then 500-600 points though, I suspect we'll see the 0.382 around the $14,920 zone, anything excess of that would be somewhat aggressive.
-Not saying to open up shorts here, but consider exiting longs for a better reposition.
Takeaways:
-The bullish hype momentum has slowed down, and the longer it takes the bulls to pick it back up, the stronger the bearish case is.
- A second drop seems likely, not more then 500-600 points though, I suspect we'll see the 0.382 around the $14,920 zone, anything excess of that would be somewhat aggressive.
-Not saying to open up shorts here, but consider exiting longs for a better reposition.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.