Bitcoin lows are now following a new channel and I expect us to plunge to below 5.8k on the next dump.
We may be going as high as 6.3k before we start dumping again. You may want to place some shorts on the way up in case we don't if you are shorting an alt as most alts are not moving up with btc to the same degree and it is possible that btc dumps earlier than expected. The price movement in the last 24 hours is on an upwards diagonal rather than flat, I am not expecting any large green candles.
If you want to play it safe you may want to wait another 24 hours before placing a short to reduce the likelihood of placing a short and the price starting to pump.
This is not financial advice. User "eloquentplatypus" accepts no liability for any financial losses due to the information provided.
We may be going as high as 6.3k before we start dumping again. You may want to place some shorts on the way up in case we don't if you are shorting an alt as most alts are not moving up with btc to the same degree and it is possible that btc dumps earlier than expected. The price movement in the last 24 hours is on an upwards diagonal rather than flat, I am not expecting any large green candles.
If you want to play it safe you may want to wait another 24 hours before placing a short to reduce the likelihood of placing a short and the price starting to pump.
This is not financial advice. User "eloquentplatypus" accepts no liability for any financial losses due to the information provided.
