pawme

Bitcoin: next stop 6200

BITFINEX:BTCUSD   비트코인
Well, it went straight to the bottom of the predicted channel straight a few hours after I published it.

What happened?
Excessive attack on bulls stop orders took all week gains apart in just a few hours.
Huge piece of pie: marginal trading and futures did add some gunpowder in the Bitcoin soup.

Now it goes into the most simple scenario - 10% possible gain unles the news hit the worst way, but there's no much space to move for BTCUSD now in the 5800-7200 range.

My personal decision is to go long, as personally I believe that Bitcoin is truly undervalued, while many altcoins don't have any practical use and simply are overbought (BCG, EOS, IOT and all others)

The whole dump looks more like a safeheaven before the news, so be prepared for a huge bull run in case if they finally save some air for crypto and stop their pressure on it.

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