BTC USD down trend continues
As expected, the down trend continues. The rising prices of other cryptos, i.e. Litecoin, Ripple and EOS during the past days indicate that the down trend may be almost exhausted.
Nevertheless, it seems plausible that BTC reaches our short term goal of 6000 USD today, which is the double bottom. I do not expect a significant bounce here. Maybe we can hold that level for a day. For medium term target please see my other posts.
I believe we need to be considering that the down trend seems to be close to be exhausted. Accordingly, any positive news may delay the correction further or even end it ultimately.
Trade safe.
Nevertheless, it seems plausible that BTC reaches our short term goal of 6000 USD today, which is the double bottom. I do not expect a significant bounce here. Maybe we can hold that level for a day. For medium term target please see my other posts.
I believe we need to be considering that the down trend seems to be close to be exhausted. Accordingly, any positive news may delay the correction further or even end it ultimately.
Trade safe.
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