#xbtusd #bitcoin hitting Target 2 pre-mature

Bitcoin is just hitting not only Target 2, also the broadening wedge upper trendline and nearly spiking to monthly R3. Without making any assumptions on further progress, this is nevertheless a wild ride on a market dominance of 67% still on the rise pointin g out it´s not yet time for altcoins. Even if we will find some sort of stabilization here, it doesn´t mean it´s not gonna go higher. Keep a close eye maybe on a smaller timeframe how the price action or volume changes. At the moment longs are still stronger than shorters + profit takers. It´s an imbalanced scenario. A classic #disbelief to quote a famous cycle theory.

*Always set stops. Dyor. No financial advice.

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