Bitcoin is just hitting not only Target 2, also the broadening wedge upper trendline and nearly spiking to monthly R3. Without making any assumptions on further progress, this is nevertheless a wild ride on a market dominance of 67% still on the rise pointin g out it´s not yet time for altcoins. Even if we will find some sort of stabilization here, it doesn´t mean it´s not gonna go higher. Keep a close eye maybe on a smaller timeframe how the price action or volume changes. At the moment longs are still stronger than shorters + profit takers. It´s an imbalanced scenario. A classic #disbelief to quote a famous cycle theory.
*Always set stops. Dyor. No financial advice.
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*Always set stops. Dyor. No financial advice.
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BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com/register/juFlqr
