Watch out for dead cat bounce - Buy low sell high
BTC has been drastically overbought which calls for a drastic correction for the growth to remain healthy. I see a correction to fib 0.618 since past corrections have had the same retracements. At the 0.618 retracement level the fear climaxes and the final weak hands drop btc and sellers pick up the coin for cheap.
A further important point is that there will be a difficulty adjustement in 7.7 days (info from bitcoinwisdom.com/bitcoin/difficulty) which will probably push the price down.
* I am not a financial advisor
A further important point is that there will be a difficulty adjustement in 7.7 days (info from bitcoinwisdom.com/bitcoin/difficulty) which will probably push the price down.
* I am not a financial advisor
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