Btc got rejected the breakup of 31k.
I was hoping for a small bullrun and a market reversal. But i think now we gonna get down to our final drop and bottom out at 25k or even 20 before a possible rally to the upside.
The indicators showing that the marked is overbought on the 4h and i dont this there is mutch juice left to break the resistance to the upside.
Bitfinex showed alot of longs coming in for btc and the shorts were dropping out and
Sp 500 etc were showing signs for a uptrend.
And with the summer now and with people travelling and money going around i was hoping for the marked reversal. But maybe the big manipulaters of the marked need a lower pruce to get in at before that.
I still think that the bottom is near and still hoping to see a break above. If the stocks with sp500 shows more strength this week we probably will get our breakout at least from 31k.
I am not a financial advisor far from it. Just sharing some ideas. All in all i think a short for ahort term and long for long term. Short to at least 25k and long to 36k.
I was hoping for a small bullrun and a market reversal. But i think now we gonna get down to our final drop and bottom out at 25k or even 20 before a possible rally to the upside.
The indicators showing that the marked is overbought on the 4h and i dont this there is mutch juice left to break the resistance to the upside.
Bitfinex showed alot of longs coming in for btc and the shorts were dropping out and
Sp 500 etc were showing signs for a uptrend.
And with the summer now and with people travelling and money going around i was hoping for the marked reversal. But maybe the big manipulaters of the marked need a lower pruce to get in at before that.
I still think that the bottom is near and still hoping to see a break above. If the stocks with sp500 shows more strength this week we probably will get our breakout at least from 31k.
I am not a financial advisor far from it. Just sharing some ideas. All in all i think a short for ahort term and long for long term. Short to at least 25k and long to 36k.