BTC Come on Down.. When the Price is Right
BTC needs to return back to it's traditional channel. I would look to go long at the 2700-3500 range, possibly in the early August timeframe.
There isn't much to hold up the prices here, so I think it will continue to trickle down gradually.
Once we get closer to the bottom line of the channel, I think you will start to see lots of Institutional money start to enter the market, a little bit at a time and quietly. We need to see if it actually holds that channel floor to know if it is still valid market structure.
There isn't much to hold up the prices here, so I think it will continue to trickle down gradually.
Once we get closer to the bottom line of the channel, I think you will start to see lots of Institutional money start to enter the market, a little bit at a time and quietly. We need to see if it actually holds that channel floor to know if it is still valid market structure.
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