We are on an oversold bounce, have met long term resistance & have bearish divergence.
It needs to drop to at least the long term trend line.
Now i am bearish on BTC short term, but given the amount of QE recently and set to go ahead in the coming months it seems to me the main assets worth holding will be stocks in medical manufacturers, private hospitals, physical precious metals and BTC.
After a drop to 4.8-5k i can see bounce to 9.5k+
It needs to drop to at least the long term trend line.
Now i am bearish on BTC short term, but given the amount of QE recently and set to go ahead in the coming months it seems to me the main assets worth holding will be stocks in medical manufacturers, private hospitals, physical precious metals and BTC.
After a drop to 4.8-5k i can see bounce to 9.5k+
Comment:
fall to 4.8k support... rally to 8k, sideways and support at 7...