BTC/USD Moon Time??
Bitcoin ready to moon??
Maybe but I am seeing us moving down over the next week or two. Building a base and bringing in momentum, to take us in to higher levels. I am in no rush for BTC to go back to new ATH. I am still on my accumulation phase, with the hope this phase last as long as possible to gather more coins. How do you see the market moving right now? Tell me what you think in the comments down below.
This is not trading advice, Always trade at your own risk. Never trade on emotion, never trade more then you are willing to loose completely. Take responsibility for your own actions. All trades made by your self are at your own will and under no corrosion of any other parties. All information provided are for entertainment and should not be considered financial advice.
As expected the weekend saw very slow movements within the crypto currency market, with prices ranging between $8,060 - $8,310. Price consolidated mainly around this area for the majority of last week, unable to breakout of this range and continue its movement. This could be a very good thing, as consolidation within a strong area can often mean price is slowly gain strength and will eventually breakout, which way is breaks out is still hard to speculate.
When we go down to the 4hr chart we can see the clear consolidation and range that price is ranging within. Late last week price broke to the downside but it was only momentarily, with price being rejected at the $7,800 region and quickly shooting back within the $8,060 - $8,310 range. I wont be actively trading BTC until it clearly breaks this range. If price can break to the upside and close above the major psychological level of $8,600 which i believe it will, we could see price take off towards the $10,000 region.
it will recorrect its bottom them move forward