Hello ! a couple weeks ago we had a massive sell-off from 9k to 4k ( Bitfinex)! all this time Btc was in a rising channel which I believe the Price broke down!
Yes Btc has a good chance to show us that this was a bear trap if it exceeds 6970 usd ( 7k)! For this case I have to admit that We might have had a kind of a bottom in March 13 and it is a good time to go long for Btc ( not just try to catch these little microwaves )
But as I said I believe the Last wave down has begun and 1st wave was from 6970 to 5890 !and we are going sub 3k! so I think we have to wait and see Bull scenario 7k and the worst scenario we shall soon see sub 6K !
Yes Btc has a good chance to show us that this was a bear trap if it exceeds 6970 usd ( 7k)! For this case I have to admit that We might have had a kind of a bottom in March 13 and it is a good time to go long for Btc ( not just try to catch these little microwaves )
But as I said I believe the Last wave down has begun and 1st wave was from 6970 to 5890 !and we are going sub 3k! so I think we have to wait and see Bull scenario 7k and the worst scenario we shall soon see sub 6K !