Hi guys,
BTC has been falling steadily for about 13-14 days since it broke its uptrend. This has had a lot of bad news, but remember this. There is always good news when the price is peaking so that you do not sell the product from the top and buy more. Bad news comes when the price drops. Purpose is you don't buy. And sell with loss.
My expectation is for an increase to at least the 42k zone. If we make closures on this area, we can target higher ones. But if it gets rejection from 42k, it can target the 20k region and deepen the fall.
For this reason, my advice to those who are at loss would be to watch the exit market in the 42k zone and to enter from safer areas when the market improves.
And If BTC can go from there 42k zone. Altcoins also will rise %20-30 maybe. We can take profit from there too.
That is not financial advice.
Take care yourself and stay safe.
Good luck
BTC has been falling steadily for about 13-14 days since it broke its uptrend. This has had a lot of bad news, but remember this. There is always good news when the price is peaking so that you do not sell the product from the top and buy more. Bad news comes when the price drops. Purpose is you don't buy. And sell with loss.
My expectation is for an increase to at least the 42k zone. If we make closures on this area, we can target higher ones. But if it gets rejection from 42k, it can target the 20k region and deepen the fall.
For this reason, my advice to those who are at loss would be to watch the exit market in the 42k zone and to enter from safer areas when the market improves.
And If BTC can go from there 42k zone. Altcoins also will rise %20-30 maybe. We can take profit from there too.
That is not financial advice.
Take care yourself and stay safe.
Good luck