Good morning all!
Here is my view on the Bitcoins current market state.
In MY opinion, I do not feel we will go much lower if we do at all.
Since there are many similarities in the 2017 start to the bull run; here is a more comforting big picture view on why I see positive price action to come in the next months. Almost exact same retrace at around 40 % and a bounce off of the 100 day ma. Now is the time to stock up while it's on sale!
If it breaks down further, I expect we will see a bounce off 7200, the .618 golden fib then start to make our way up.
Time will tell !
Happy trades everyone ! :)
Here is my view on the Bitcoins current market state.
In MY opinion, I do not feel we will go much lower if we do at all.
Since there are many similarities in the 2017 start to the bull run; here is a more comforting big picture view on why I see positive price action to come in the next months. Almost exact same retrace at around 40 % and a bounce off of the 100 day ma. Now is the time to stock up while it's on sale!
If it breaks down further, I expect we will see a bounce off 7200, the .618 golden fib then start to make our way up.
Time will tell !
Happy trades everyone ! :)