BTCUSD Midterm analysis
Current situation does not look too pretty for crypto investors. With all this manipulations going on it is not easy also for crypto traders. Whales are currently dominating the market and we can do nothing accept adopt to such reality.
Anyhow we are deep in the downtrend and things are likely to get even worse. For me most likely scenario is that we will exit this negative trend after formation of double bottom. This formation is bullish and could be a good catalyst for trent reversal. Let us hope for the best!
How I fight this downtrend: stay in fiat, short the market, after BTC hits 9000 slow entry (steps) on alts market with fresh money
BRGDS, Cryptopolaris
Current situation does not look too pretty for crypto investors. With all this manipulations going on it is not easy also for crypto traders. Whales are currently dominating the market and we can do nothing accept adopt to such reality.
Anyhow we are deep in the downtrend and things are likely to get even worse. For me most likely scenario is that we will exit this negative trend after formation of double bottom. This formation is bullish and could be a good catalyst for trent reversal. Let us hope for the best!
How I fight this downtrend: stay in fiat, short the market, after BTC hits 9000 slow entry (steps) on alts market with fresh money
BRGDS, Cryptopolaris