BTC Bearish waves or Reversal. ~Rage Against the Machine.~
BTC is coming on bearish season after failed to break 11k range for the past few days. According to ichimoku cloud indicator it seems that the bearish wave is on high possibilities to go down further.
Personally i would recommend tight stop lost for those who intend to long. since the graph stated a choppy market condition. It is a good time to be on sideline. For those who plan to short BTC be very careful as reversal might occur on 9.5 support line due to steady volume transactions occurred for past few weeks.
A vice versa situation for others Alt coins where major of it start to sink especially XRP, STR & LTC. i foreseen XRP to sink further towards 0.23 as it failed to hold on 0.3 during BTC bearish.
Suprisingly ETH & ETC are still continue to hold on within specific price range (80-90 ETH, 6-7 ETC).
Trade safe and be wise.
Personally i would recommend tight stop lost for those who intend to long. since the graph stated a choppy market condition. It is a good time to be on sideline. For those who plan to short BTC be very careful as reversal might occur on 9.5 support line due to steady volume transactions occurred for past few weeks.
A vice versa situation for others Alt coins where major of it start to sink especially XRP, STR & LTC. i foreseen XRP to sink further towards 0.23 as it failed to hold on 0.3 during BTC bearish.
Suprisingly ETH & ETC are still continue to hold on within specific price range (80-90 ETH, 6-7 ETC).
Trade safe and be wise.
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