BTC has been painful to watch over the passed few weeks, with no real excitement either way. If we close above the $7200 level, ill be looking at intra day longs, and to be in and out of the sideways movement; so profits around at $7500-$7600. If we close below the current level, more downside to $7000 is extremely likely, ideally we would use $7000 as a support and rocket towards $8000.
If we keep moving down, we'll have to re assess our options, i'm taking precautions here as i think a big move is due and with big moves comes heavy stop hunts!
We’ve passed the point in which i predicted a bigger move to the downside, however its still not impossible, so stops will sit quite tight.
If we keep moving down, we'll have to re assess our options, i'm taking precautions here as i think a big move is due and with big moves comes heavy stop hunts!
We’ve passed the point in which i predicted a bigger move to the downside, however its still not impossible, so stops will sit quite tight.