Take a look back at this period of the year where BTC was at a record high (August 17th). Followed by a quick correction, a bounced back to form a double top and a sharper correction.
If we see the double tops forming here, then we should be able to pick up some more BTC at the 10900 level.
This time everything is different with XBT Futures so it might not play the same way.
If we see the double tops forming here, then we should be able to pick up some more BTC at the 10900 level.
This time everything is different with XBT Futures so it might not play the same way.
Comment:
At critical level now. if it breaks down it'll go to 13.7K.
Comment:
A little early to confirm that history does repeat itself.
Watching closely.
Currently at a good buy level. If it goes down more we should touch a strong support around 13750. If support breaks then will be picking more at 11K.
A little early to confirm that history does repeat itself.
Watching closely.
Currently at a good buy level. If it goes down more we should touch a strong support around 13750. If support breaks then will be picking more at 11K.
Comment:
History DOES repeat ITSELF !!!
Prepare to buy now before bounce back !!!
Prepare to buy now before bounce back !!!
Once the cycle is done, BTC might attract buyers again.