BTC will retrace during summer, why?
- big players don't want to trade during the summer
- big players want a nice discount
- big players will accumulate during summer
After summer ends, basically beginning of August BTC will start raising, why?
- there is a rocket in the chart
- big players are back for having some fun
Until? Well, exactly until December like last year. But this year the sell-off will start end of November.
- big players don't want to trade during the summer
- big players want a nice discount
- big players will accumulate during summer
After summer ends, basically beginning of August BTC will start raising, why?
- there is a rocket in the chart
- big players are back for having some fun
Until? Well, exactly until December like last year. But this year the sell-off will start end of November.
Note
The overall trend is still down. As long as this does not change, I will leave my two BTC buy orders. First one at 5979 (70% retracement), and the second one at 4993 (75% retracement).70% and 75% retracement for a cryptocurrency is NOTHING. This is what I have learned in the last year. Look at Ripple, for instance, it has already retraced more than 80% in terms of USD value.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.