My TA and predictions still remains the same. I still believe we have one more leg down
I really only 3 possible scenarios
1) (mostlikey) We test resistance today at around $5500 and break down to $5200ish and that will be broken
2) We test resistance and break to $5700ish and drop back down for one more wave down
3) We break resistance and $5800 will be the new floor
Again, these are just my technical analysis
FIAT IS STILL KING RIGHT NOW
I mentioned this multiple times already since the market is too volatile and unpredictable (could be manipulation, whales, or the stars (if you believe in that stuff)
Reasons why I believe we are still going down:
1) Candles below BB and many of the MA and EMA
2) Forming a bear pennant/flag on multiple time frames (30 min, 1 hr, 4 hr and 8 hr time frame)
3) $5k is a psychological # that many people are looking at to buy
ACTION STEPS:
Wait for Bitcoin to reach $6800 (I would buy)
Wait for Bitcoin to drop to $5k or below and ladder down
REMEMBER DYOR!
To freedom, wealth and happines :)
I really only 3 possible scenarios
1) (mostlikey) We test resistance today at around $5500 and break down to $5200ish and that will be broken
2) We test resistance and break to $5700ish and drop back down for one more wave down
3) We break resistance and $5800 will be the new floor
Again, these are just my technical analysis
FIAT IS STILL KING RIGHT NOW
I mentioned this multiple times already since the market is too volatile and unpredictable (could be manipulation, whales, or the stars (if you believe in that stuff)
Reasons why I believe we are still going down:
1) Candles below BB and many of the MA and EMA
2) Forming a bear pennant/flag on multiple time frames (30 min, 1 hr, 4 hr and 8 hr time frame)
3) $5k is a psychological # that many people are looking at to buy
ACTION STEPS:
Wait for Bitcoin to reach $6800 (I would buy)
Wait for Bitcoin to drop to $5k or below and ladder down
REMEMBER DYOR!
To freedom, wealth and happines :)