I'm relatively new at this, but it seems to me there is an obvious historical trendline that btc has respected for months. If it continues doing so, the absolute bottom for the short-term downtrend is at 2400$. Unless it completes its current cat leap, as it did twice under similar conditions in the middle and the end of May, and even once more in June, in which case we are in for a rocket ride. I'll enter long position here at 2505$, but I'm ready to reenter at 2405$ if it drops below 2490$.¨
Ps' This is my first idea. Any feedback, suggestions, corrections and even ridicule is welcome :)
Ps' This is my first idea. Any feedback, suggestions, corrections and even ridicule is welcome :)