Beware of Bears at above the trendline
This is daily chart. As you can see that we have never break that upper trendline before and we barely have any volume right now I'm pretty sure that the price will drop after we hit that trendline.
Anyway, without any bad news it is unlikely that the price will hit the bottom most trendline again.
If you are long term holder you can just keep holding it but if you are going to buy it at the price above 8000 USD you should do it with caution. I would suggest to close long position at around 8500 if we can reach that target in 2-3 days.
Anyway, without any bad news it is unlikely that the price will hit the bottom most trendline again.
If you are long term holder you can just keep holding it but if you are going to buy it at the price above 8000 USD you should do it with caution. I would suggest to close long position at around 8500 if we can reach that target in 2-3 days.
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