Bitcoin seems to be giving in earlier than expected. At this point volume is crucial. if we fail to find support around $1000 or come off $1000 but fail to breach $1024, then the selloff is very much on the table.
We are currently in a definitive price range. The public seems to be feeling very optimistic about the price of BTC, but I think we are going to top-out and dip back below $1000. potentially $800-$900 medium term.
Waiting for a breakout, & continue heading north for this winter would be the idea, if no breakout, further retracements might occur due to profit taking, but the consensus is definitely being long, at least for long term.
We have been in a tight range for one months. Following my previous analysis here , we have now broken the lower part of the range . Accordingly, it is time to take a short position. Here is my plan: Trading Plan to Sell: Entry price: Around 610$ Stop Loss: We exit if the price goes back into the range at 650$. Take profit: Before the...