As mentioned in my previous BTC post, we’ve come down and broken through $7000 but the question still holds – will the daily close below?
Now for some this may be the time to buy as price touches the trend line for the 5/6 time and we’re at a significant level. Nonetheless I feel price may consolidate along this level for a few days and maybe even drop towards the blue line as indicated at $6500. Only then will I consider longing and hoping to see a break of the channel and head toward $10,000.
IF however we close below, and head further passed $6000 we could be heading all the way down to $3000.
Considering all possibilities when trading is vital in order to stay one step ahead of the market.
Lets see where price takes us this time.
Now for some this may be the time to buy as price touches the trend line for the 5/6 time and we’re at a significant level. Nonetheless I feel price may consolidate along this level for a few days and maybe even drop towards the blue line as indicated at $6500. Only then will I consider longing and hoping to see a break of the channel and head toward $10,000.
IF however we close below, and head further passed $6000 we could be heading all the way down to $3000.
Considering all possibilities when trading is vital in order to stay one step ahead of the market.
Lets see where price takes us this time.