Hello everybody ! I must say that these couple days I was looking for a point where We shall see the BTC price reversal somewhere from here 9-10 K range. I thought the drop from 10 k to 8 k recently was it, but smth makes me think that it is too soon to think of a reversal !
First of all starting from March 13 till now we are in the same Channel ( never got out of it 2 months !) Secondly I see a bull flag - we need it to see a brake out of it ( up- 9750 ) and the price may reach to 12 k! When it reach to 12 k the price will Breach the Channel up ( it would be very interesting - I will share why if we get there)!
Right now I'm long - Many Gurus here say that this is a distribution phase and we soon will go down - but watching volume , orders , price movements ( short period ) I think BTC is preparing to get above 10k ( And it is a hard target )!
All I wanted to share not an advice - it is just my point of view !Thanks!
First of all starting from March 13 till now we are in the same Channel ( never got out of it 2 months !) Secondly I see a bull flag - we need it to see a brake out of it ( up- 9750 ) and the price may reach to 12 k! When it reach to 12 k the price will Breach the Channel up ( it would be very interesting - I will share why if we get there)!
Right now I'm long - Many Gurus here say that this is a distribution phase and we soon will go down - but watching volume , orders , price movements ( short period ) I think BTC is preparing to get above 10k ( And it is a hard target )!
All I wanted to share not an advice - it is just my point of view !Thanks!