Hey everyone. A simple outlook for the ones that want to play it safe and don't yell in a chat that it's going parabolic, aka moonboys.
Not guessing anything, just a couple of zones to watch out :
1) Bitcoin bounces from 6780 till 7150, then falls to 6.2 and has a strong 1k+ bounce => after that consolidation.
2) Falls through 6200 till 5700~5500, worst case is 4.7k and consolidation but might get a stronger reversal in that zone.
Don't be greedy, you'll get #rekt. Wait for it to go above 8.5 to buy alts or enter the market, or wait for 5.7k and start to buy slowly by DCA'ing.
If this market dumps below 4.7k, it's a C wave and going far down till 2.7k.
Not guessing anything, just a couple of zones to watch out :
1) Bitcoin bounces from 6780 till 7150, then falls to 6.2 and has a strong 1k+ bounce => after that consolidation.
2) Falls through 6200 till 5700~5500, worst case is 4.7k and consolidation but might get a stronger reversal in that zone.
Don't be greedy, you'll get #rekt. Wait for it to go above 8.5 to buy alts or enter the market, or wait for 5.7k and start to buy slowly by DCA'ing.
If this market dumps below 4.7k, it's a C wave and going far down till 2.7k.