Hi Traders,
After a couple days off for the weekend we have re assessed the week and i believe this to be the likely play.
We have an 'over bearish' retail market at present, so i expect some volatile moves to shake out the shorts.
Namely, a move to trigger all the break out shorts in the 17k area maybe even touching 16k BEFORE a quick pump to 21k or so.
We are heading downward but it wont be as smooth as the prior drops/less liquidity for MM to easily dump on so they will rely on shaking the market around.
Shorts open now @19.3k looking for 17k.
LIKEWISE FOR ALTCOINS, EXPECT BIG DUMPS TO PRIOR MAJOR SUPPORTS ie XRP 38c
Goodluck,
Asset Mastery
After a couple days off for the weekend we have re assessed the week and i believe this to be the likely play.
We have an 'over bearish' retail market at present, so i expect some volatile moves to shake out the shorts.
Namely, a move to trigger all the break out shorts in the 17k area maybe even touching 16k BEFORE a quick pump to 21k or so.
We are heading downward but it wont be as smooth as the prior drops/less liquidity for MM to easily dump on so they will rely on shaking the market around.
Shorts open now @19.3k looking for 17k.
LIKEWISE FOR ALTCOINS, EXPECT BIG DUMPS TO PRIOR MAJOR SUPPORTS ie XRP 38c
Goodluck,
Asset Mastery