Dear Bitcoin fans,
Trying to pray up the price won't work. Analyze the trend instead. The chart tells me to go long only when the market trades above the 10'173.97 level on the Daily chart. Until then, we are still in the correction of the major uptrend, meaning price has a higher chance to go down. Also there are lower highs and lower lows forming recently.
If it trades below the 8'868.68 level, I'd go short.
The gray zone we are in now is a trap for both the buyers and the sellers. Wait until they decide the battle and then go with the flow!
What do you think?
Trying to pray up the price won't work. Analyze the trend instead. The chart tells me to go long only when the market trades above the 10'173.97 level on the Daily chart. Until then, we are still in the correction of the major uptrend, meaning price has a higher chance to go down. Also there are lower highs and lower lows forming recently.
If it trades below the 8'868.68 level, I'd go short.
The gray zone we are in now is a trap for both the buyers and the sellers. Wait until they decide the battle and then go with the flow!
What do you think?