Bitcoin panic drop incomming. $8500 / $7500 / ($6100)
Updated
Bitcoin panic drop incomming. $8500 / $7500 / ($6100)
Bitcoin is in a very very small trading range at the moment. A breakout of this range wil hit many stoplosses and take profits.
The waves in this range are getting smaller and smaller. We tested 2 times the $10500 range but no break.
So i think this situation is the same as the drop to $3200. But Bitcoin will properly not test lower as $7500-$7300.
I'm surprised if it comes to $ 6100 range.
Consolidating around $8500-$7500 can bring a altrun or season. Lets follow this up.
Lets see what happend the next hours,days and weeks.
I wil update this post.
Like if u agree or disagree and share your idea!
Good trading luck!
Bitcoin is in a very very small trading range at the moment. A breakout of this range wil hit many stoplosses and take profits.
The waves in this range are getting smaller and smaller. We tested 2 times the $10500 range but no break.
So i think this situation is the same as the drop to $3200. But Bitcoin will properly not test lower as $7500-$7300.
I'm surprised if it comes to $ 6100 range.
Consolidating around $8500-$7500 can bring a altrun or season. Lets follow this up.
Lets see what happend the next hours,days and weeks.
I wil update this post.
Like if u agree or disagree and share your idea!
Good trading luck!
Trade active
Wow. Exactly at the end down! Amazing trade Note
Wating for daily close
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