Bitcoin
Singkat

BTC: Short term retrace.; Med. term dead cat bounces or reversal

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Short term:

Price is currently reaching the long term downtrend line, a long term resistance line and a Fib retracement line, i.e. strong resistance.

For the past two weeks, we've been in a quasi sideways market with slightly lower highs and lows, and a recurring 4-days period between a low and consecutive high. We're also currently at a high or said pattern.

All these factors combined IMHB suggest a drop of price to ~428 in ~4 days.

Medium term:

As the long term downtrend forces the price to cut down through consecutive resistances, we might see dead cat bounces, and finally reversal.

Penafian

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