Andbcoin

BTC not in a good situation.

BITSTAMP:BTCUSD   Bitcoin
Hi, there!

I can clearly see BTC is struggling to break those strong resistances. There’s a low probability it breaks them, but anything can happen.
Also, Stoch RSI wants to go down, and volume is starting to get red.

I would like you to feel like the ones that bought when the price was higher. What would you do if you saw the price going to this level?
I would sell, lose an amount of money, and buy lower.
And who sells? Those who bought lower and want to lock in profits, people that were trapped at this level or even a little higher, and people that are holding bags for months that think it’s never going to touch all time high.
Wouldn’t you act like they do? I would, and that’s why I think it will go even lower.

It’s my opinion and just an idea. I’m not responsible of your actions and what you do with your money.

Have a good time. :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.