Bitcoin - Targets Hit
With the decline today into the 
27K range, Bitcoin has basically fulfilled all my expected targets for the low of this bear market. But where to from here? Shall we see further declines, a period of consolidation or will the recovery get underway.
Well, I expect perhaps a little more give in the BTC market before the recovery can be considered to be moving ahead. My indicator is 30 on the weekly RSI and we are still a little above that.
But what of the Alts? Is it possible that some of the alts could move higher even if Bitcoin drops lower? I think so. What do you think?
27K range, Bitcoin has basically fulfilled all my expected targets for the low of this bear market. But where to from here? Shall we see further declines, a period of consolidation or will the recovery get underway. Well, I expect perhaps a little more give in the BTC market before the recovery can be considered to be moving ahead. My indicator is 30 on the weekly RSI and we are still a little above that.
But what of the Alts? Is it possible that some of the alts could move higher even if Bitcoin drops lower? I think so. What do you think?
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.