BTC recovery
Hey there crypto pals.
After a few days of decline, powered by some miner pool dumps, and some FUD, You have to zoom out and see that this dip, was perfectly normal in relation with the last month dip.
It was the end of the month, the futures contracts had to reset, and a lot of other insititutions wanted to get on board of this #bitcoin boat, so they tried to drive the price down, so they could buy #BTC on sale.
Now, it's the beginning of the month, and, statistically, every first half of the month, #btc climbed around 48 to 50%. We have positive signs of recovery now.
If you want to get on board, pay attention to the resistance levels drawn on the chart. Claculate your entry points and you take profit accordingly.
Good luck and good trades.
After a few days of decline, powered by some miner pool dumps, and some FUD, You have to zoom out and see that this dip, was perfectly normal in relation with the last month dip.
It was the end of the month, the futures contracts had to reset, and a lot of other insititutions wanted to get on board of this #bitcoin boat, so they tried to drive the price down, so they could buy #BTC on sale.
Now, it's the beginning of the month, and, statistically, every first half of the month, #btc climbed around 48 to 50%. We have positive signs of recovery now.
If you want to get on board, pay attention to the resistance levels drawn on the chart. Claculate your entry points and you take profit accordingly.
Good luck and good trades.
Penafian
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