Are you really still trying to trade BTC?
For those of you who are hoping for some big moves on BTC, please don’t.
In all seriousness tho, BTC has been extra slow and there’s another week of no action.
Are we bottoming? Maybe
Can we go lower? Very possible
Signals are very mixed, although I would be leaning towards bigger drop, but in the distant future.
Low volume usually leads to drop in price. We still need to retest $3200 bottom to get better understanding of our current situation.
Without any clear signs of going up or down, it is better to focus on trading other things. Many altcoins on Binance are doing pretty well.
In all seriousness tho, BTC has been extra slow and there’s another week of no action.
Are we bottoming? Maybe
Can we go lower? Very possible
Signals are very mixed, although I would be leaning towards bigger drop, but in the distant future.
Low volume usually leads to drop in price. We still need to retest $3200 bottom to get better understanding of our current situation.
Without any clear signs of going up or down, it is better to focus on trading other things. Many altcoins on Binance are doing pretty well.
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