Don't let the market fool you.. We may not be finished!

Greetings everyone! That downtrend took longer than expected, but we're on our way although I did change the dropzone area because I believe we may only hit around $5,000 or above. Although anything is possible in this downtrend so I'd expect a lot of currencies to tumble VERY hard with BTC! We've already fallen pretty quick so I wouldn't doubt a bit of sideways movement before we move anymore. Shorting in this range is risky so keep a close eye we've already seen huge $1k candles before in one day or so, but we've always hit lower low each move, so just let this play out a bit longer! Also before we wrap this up check out the RSI and notice how each price point has gone lower and lower, but has been overbought more each time!

Bình luận:

Well here it goes!

Bình luận:

Still in a plunging market, and if you look closely looks awful similar to May 29th drop and rise.