Dear Traders
We choose not to change our trendlines at all since the last analysis since are they are still perfectly valid.
As you can see, it seems like bears are not angry anymore, and are giving up to bulls some hundreds of dollars, but we are sure they'll be more than present at 4200$.
As we previously described, 4200$ is a crucial point for BTC, that will probably be tested soon.
Anyway, the chance to break it with only one trial, are really low. If this would happen, a mini bull run could occcurr.
Our suggestion is to open a long up to 4200$ and then wait. A short would be the optimal choice there, but if it breaks the result will be huge
We'll keep you updated
BFCM
We choose not to change our trendlines at all since the last analysis since are they are still perfectly valid.
As you can see, it seems like bears are not angry anymore, and are giving up to bulls some hundreds of dollars, but we are sure they'll be more than present at 4200$.
As we previously described, 4200$ is a crucial point for BTC, that will probably be tested soon.
Anyway, the chance to break it with only one trial, are really low. If this would happen, a mini bull run could occcurr.
Our suggestion is to open a long up to 4200$ and then wait. A short would be the optimal choice there, but if it breaks the result will be huge
We'll keep you updated
BFCM
