BTC DROP TO 40K OR LOWER BEFORE BLAST

Hey guys. I don't mean to sound ONLY BEARISH lately but Its just what I see and I am trying to give you all a heads up!
I don't think BTC has the strength at the moment to get above the 49-50K area. I think a drop lower IS MORE LIKELY than blasting above 50K.
For a blast to happen we would need to see a nice increase in volume and I just don't think we're there yet.

So the levels I'm looking for a bounce at are the 43K level, and if that breaks I'm looking at the 38K-41K levels!

IF BTC can close a 4HR candle ABOVE 49,500 then I'd say this IDEA is no longer VALID.

JUST BE CAREFUL! I know A LOT OF PEOPLE are invested in altcoins right now SO ITS EASY TO FORGET ABOUT WATCHING BTC CHART.

Anulowano zlecenie:

BTC and The market as a whole look VERY STRONG so I wouldn't necessarily SHORT the market here, IN FACT I THINK ITS DANGEROUS! MORE CONFIRMATION IS NEEDED!

Komentarz:

One thing I AM pretty certain of is that BTC is going to make a big move in one direction or the other. I think it will happen fast so LEVERAGED positions are EXTRA RISKY right now. We need more confirmation either way. If the Bulls can push through this resistance A LOT of altcoins are looking at 50%+ gains.

If not then I'd reconsider entering a SHORT

Komentarz:

So far this IDEA is playing out. I do expect it to continue ALTHOUGH I hope the drop under 43k support does not happen, it is definitely in the cards. It's IMPORTANT during this time to not trade ESPECIALLY with leverage because the market is in an unpredictable area... REMEMBER , SOMETIMES THE BEST MOVE TO MAKE IN THE MARKETS IS SIMPLY NO MOVE AT ALL!