Looking at the weekly graph we can see that RSI is still too high, there are many bearish indications of a bigger pull back
That high was not natural and we should expect it to correct, on my opinion the 200 MA will play out as the strongest resistance for now
If there´s no more manipulation of the market we should wait with the cash in our hands for a more natural move from BTC.
I just cancelled my OCO orders to buy in the range bellow and over the daily triangle because we never know what that pull back inside the triangle could cause.
Be careful for now, protect your capital, a pump to 11k will not make you rich, but a dump to 6k could definitely make some damage.
I am big believer of the Halving upward movement but Crisis are coming again, with that so called "civil war" in the US, and the continuation of the COVID not knowing
when the world will come back to normal brings lots of insecurity and need for liquidation.
Statistics show that we will be seeing loots of poverty rising during that period so be extremely careful with your money, we never know if we will need it in the future.
That high was not natural and we should expect it to correct, on my opinion the 200 MA will play out as the strongest resistance for now
If there´s no more manipulation of the market we should wait with the cash in our hands for a more natural move from BTC.
I just cancelled my OCO orders to buy in the range bellow and over the daily triangle because we never know what that pull back inside the triangle could cause.
Be careful for now, protect your capital, a pump to 11k will not make you rich, but a dump to 6k could definitely make some damage.
I am big believer of the Halving upward movement but Crisis are coming again, with that so called "civil war" in the US, and the continuation of the COVID not knowing
when the world will come back to normal brings lots of insecurity and need for liquidation.
Statistics show that we will be seeing loots of poverty rising during that period so be extremely careful with your money, we never know if we will need it in the future.
