We are witnessing another drop and i wanted to share my views, therefore i marked line at level around 7.400 USD which i strongly believe "if" BTC continue to drop further that this line of resistance WILL hold. Not only i expect it will hold but i do expect also very strong reversal, at least 8.800 USD in next few days or lets say week or two. RSI is extremely oversold and like it's not possible to be always green and just MOON, MOON it's not possible to drop and drop endlessly so we are waiting for this reversal and hoping to be as accurate we can.
Short term - bullish and i expect reversal at least we should visit 8.800 USD (in the moment of writing BTC is 7.900)
Mid term - bearish (in next few months bearish) we will go lower than 7.400 expecting to visit maybe even 6.000 level but its too early to say it in this moment
Long term - very bullish
Not financial advice!
Short term - bullish and i expect reversal at least we should visit 8.800 USD (in the moment of writing BTC is 7.900)
Mid term - bearish (in next few months bearish) we will go lower than 7.400 expecting to visit maybe even 6.000 level but its too early to say it in this moment
Long term - very bullish
Not financial advice!
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Projected trade closed successfully, on 11th October we reached the price of 8.820 USD/BTC, that means small profits were successfully reached, as you can see at the moment of writing my first opinion on 26th September the price at the moment of writing was 7.900 USD/BTC and my projection of reaching 8.800 within two weeks was also correct.
Be smart and think long term!
Be smart and think long term!