Bitcoin important zone, institutions are in!
ok, after a crazy week, finally we are seeing institution's activity, at this point we can just wait and analyze what are they doing. buying? selling? I still have my short positions, but right now is risky to make a decision, it's been a rush so it's difficult to think clearly after huge profits.
DO NOT trust the news, don't trust indicators, just try to read the price and volume!!! try to keep your mind clear and please don't read any news!
the blue rectangle should be the zone of accumulation/distribution, so let's analyze what's going on there.
In my opinion bitcoin still have chances to continue falling, but some other cryptos already touched the zones I had projected, so it makes me doubt a little bit about bitcoin.
at this point the smartest thing we can do is being neutral and don't trade.
DO NOT trust the news, don't trust indicators, just try to read the price and volume!!! try to keep your mind clear and please don't read any news!
the blue rectangle should be the zone of accumulation/distribution, so let's analyze what's going on there.
In my opinion bitcoin still have chances to continue falling, but some other cryptos already touched the zones I had projected, so it makes me doubt a little bit about bitcoin.
at this point the smartest thing we can do is being neutral and don't trade.
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