The cryptocurrency markets have been a wash of red the past week. The situation is much too volatile to enter many new trades. Instead we watch and wait to see if BTC will break down its long term support at 6000. The reversal of alt coins hangs in the balance.
Our long-term buy target for BTC is 5400/4600. But RSI on all markets is extremely oversold. We expect a short term recovery in the meantime. Many alts are near interesting buy levels. We will continue to search for and share low risk trades during this bear market.
BTC Buy Zones:
T1: 5400
T2: 4600
Our long-term buy target for BTC is 5400/4600. But RSI on all markets is extremely oversold. We expect a short term recovery in the meantime. Many alts are near interesting buy levels. We will continue to search for and share low risk trades during this bear market.
BTC Buy Zones:
T1: 5400
T2: 4600