Bitcoin: next stop 6200
Well, it went straight to the bottom of the predicted channel straight a few hours after I published it.
What happened?
Excessive attack on bulls stop orders took all week gains apart in just a few hours.
Huge piece of pie: marginal trading and futures did add some gunpowder in the Bitcoin soup.
Now it goes into the most simple scenario - 10% possible gain unles the news hit the worst way, but there's no much space to move for BTCUSD now in the 5800-7200 range.
My personal decision is to go long, as personally I believe that Bitcoin is truly undervalued, while many altcoins don't have any practical use and simply are overbought (BCG, EOS, IOT and all others)
The whole dump looks more like a safeheaven before the news, so be prepared for a huge bull run in case if they finally save some air for crypto and stop their pressure on it.
What happened?
Excessive attack on bulls stop orders took all week gains apart in just a few hours.
Huge piece of pie: marginal trading and futures did add some gunpowder in the Bitcoin soup.
Now it goes into the most simple scenario - 10% possible gain unles the news hit the worst way, but there's no much space to move for BTCUSD now in the 5800-7200 range.
My personal decision is to go long, as personally I believe that Bitcoin is truly undervalued, while many altcoins don't have any practical use and simply are overbought (BCG, EOS, IOT and all others)
The whole dump looks more like a safeheaven before the news, so be prepared for a huge bull run in case if they finally save some air for crypto and stop their pressure on it.
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