Greetings everyone! Hope you've all been enjoying the markets currently!
Looking at the current market situation I think we're bouncing off the trend line successfully so far. I don't expect another dip although the previous buy zones all have minor fake outs, but in the long run it shouldn't be a big deal. If we do rise much more and break the $6,800 zone I believe we'll raise to a maximum of $8,500-8,750 taking another progressive dump afterwards. Although if we cannot break through soon I think we could touch the trend line again, so I would use a stop-loss on most trades around 2-1% loss totally your preference though! I'll be posting more updates every 3 days for BTC if not sooner depending on market situations, and reaching out too more of a variety soon!
Looking at the current market situation I think we're bouncing off the trend line successfully so far. I don't expect another dip although the previous buy zones all have minor fake outs, but in the long run it shouldn't be a big deal. If we do rise much more and break the $6,800 zone I believe we'll raise to a maximum of $8,500-8,750 taking another progressive dump afterwards. Although if we cannot break through soon I think we could touch the trend line again, so I would use a stop-loss on most trades around 2-1% loss totally your preference though! I'll be posting more updates every 3 days for BTC if not sooner depending on market situations, and reaching out too more of a variety soon!