Bitcoin Road to $5,500
Bitcoin over all looks Bearish still, even thought in Time-frames as small as 5 Min and 15 Min Bulls seem to be winning. I noticed that the moment Bitcoin goes above one of its RES people panic and sell creating larger selling Volume than buying Volume. One major point to completely go against my would be if BTC crosses above $6,300 within the next 3 days. (By Sunday) In my theory on Sunday I can actually see Bitcoin disappointing Bulls hitting $5,520. Once we go below $5,900 the press and news would most likley apply pressure on BTC talking about its mining issues under $5,900 causing worse panic sells. Besides all of that, we are still on the right side of the dump "theory" people talk about and we havent evened out enough to just rally up. Unless it is a quick Bull Trap. We are in a huge inverted bearish Hooligan that could BD on Sunday. (Maybe Monday morning)
Keep in mind alt coins would be effected worse maybe taking off another -5% to -15% loss than BTC would do. The only coin I can see being least damaged would be $BNB Binance coin due to people selling coins into this hold. Limited coins would take worse damage -16% to -25%.
Bitcoin over all looks Bearish still, even thought in Time-frames as small as 5 Min and 15 Min Bulls seem to be winning. I noticed that the moment Bitcoin goes above one of its RES people panic and sell creating larger selling Volume than buying Volume. One major point to completely go against my would be if BTC crosses above $6,300 within the next 3 days. (By Sunday) In my theory on Sunday I can actually see Bitcoin disappointing Bulls hitting $5,520. Once we go below $5,900 the press and news would most likley apply pressure on BTC talking about its mining issues under $5,900 causing worse panic sells. Besides all of that, we are still on the right side of the dump "theory" people talk about and we havent evened out enough to just rally up. Unless it is a quick Bull Trap. We are in a huge inverted bearish Hooligan that could BD on Sunday. (Maybe Monday morning)
Keep in mind alt coins would be effected worse maybe taking off another -5% to -15% loss than BTC would do. The only coin I can see being least damaged would be $BNB Binance coin due to people selling coins into this hold. Limited coins would take worse damage -16% to -25%.