what's going on with BTC
well, i haven't been posting for a long time; but i think that it is time to warn people as this not clearly the time to enter any position; both long and short tendencies seem quite reasonable right know though my own long term view tends towards bearish, i can not deny that we might actually get up to 50-52 K level once more.
but i think that BTC is forming a bear flag right now and the price is at the upper boarders of the flag and i can see a minor bearish divergence on momentum (though it could be something really unimportant at the end);
so unless it manages to break it (really break, not a fake out)' i would not be interested in going long here. personally i think we might go down to somewhere around 35-37 K again and then we should see what the market has in sleeves.
be patient and focus on not losing money.
but i think that BTC is forming a bear flag right now and the price is at the upper boarders of the flag and i can see a minor bearish divergence on momentum (though it could be something really unimportant at the end);
so unless it manages to break it (really break, not a fake out)' i would not be interested in going long here. personally i think we might go down to somewhere around 35-37 K again and then we should see what the market has in sleeves.
be patient and focus on not losing money.
Penafian
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