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BTC will retrace during summer, why?
- big players don't want to trade during the summer
- big players want a nice discount
- big players will accumulate during summer
After summer ends, basically beginning of August BTC will start raising, why?
- there is a rocket in the chart
- big players are back for having some fun
Until? Well, exactly until December like last year. But this year the sell-off will start end of November.
- big players don't want to trade during the summer
- big players want a nice discount
- big players will accumulate during summer
After summer ends, basically beginning of August BTC will start raising, why?
- there is a rocket in the chart
- big players are back for having some fun
Until? Well, exactly until December like last year. But this year the sell-off will start end of November.
Note
The overall trend is still down. As long as this does not change, I will leave my two BTC buy orders. First one at 5979 (70% retracement), and the second one at 4993 (75% retracement).70% and 75% retracement for a cryptocurrency is NOTHING. This is what I have learned in the last year. Look at Ripple, for instance, it has already retraced more than 80% in terms of USD value.
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