FUNTRADER-Vera

1104 BTC as we said could not make it pass 5300, now what?

BITFINEX:BTCUSD   비트코인
On Apr 9, this is what I posted
"BTCUSD might have some trouble of passing through 5300.
It could drop down a little be down to 4930 for a support.
But if 4930 is not a strong support for a second rally , then it will drop more down to 4500-4200.
And 5800 will be far more further than now.

Less is more!"

Now its obviously that BTC could not pass 5500 actually, which was 200 higher than my expective position.
Now I believe BTC is going to make a retracement in the following days to make a preparation for new swing up.
This new swing needs to break 5500 first before making a new high like 6100-6500.

LESS IS MORE!

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