Hey everyone, as promised here's my monday analysis on BTC.
2days ago I predicted BTC would go sideways during the week end and break $8200 on Monday only to keep going down... Well that's pretty much what is going on RIGHT NOW! I think BTC will reach $7750 area very soon, There is a big square up there which makes me believe that we might not bounce of that level and perhaps break it only to reach about $7250.
If you are shorting right now, the $8200 break was a good entry point. If I were you my targets would be $7700 and $7300. At which point YOU should reconsider entering the market (SHORTING) if the $7200 level is broken(broken down).