Both sides killing each other so fiercely. Well I don't recommend u guys to get involved in this bloodbath.
Still the same scenario: The whales are playing the fishes. Its not our battlefield!
I think many of you guys know that this market is being terribly manipulated. The whales are even able to make fake signs to mislead their opponents.
So only I can do is provide u some strategies to face some possible circumstances:
First thing worth to mention is that its the most unhealthy market I've ever seen.
The crocodiles damaged this market so badly. But thats not the problem. We usually see a reversal after the market being damaged.
The real problem is that we haven't seen the market equilibrium yet!!!
Thats why the trading volume is so low and the chart is so unpredictable... The indicators are even in contradiction to the chart....blahblahblah
We have been waiting for a reversal pattern showing itself, but not now.
Unhealthy development would cause more damages which means more traps and conspiracies.
The zone of horizontal price movement is too dangerous to take trades until btc 0.65% shows the further movement.
The bulls and the bears are both exhausted but one side will be brought down.
If u r a buyer, buy after the breakout above 8400 which is the breakout of the downtrend channel . But u will need more confirmation with the indicators.
BTW -0.24% even the breakout is confirmed, btc 0.65% will probably not pump more cuz -0.46% the huge resistance is over there. SO if btc 0.65% does pump, I will just set my sell orders and wait for more corrections.
As I said I'm still waiting for the reversal pattern, it is estimated to dump to 75xx~76xx at any time. Then the bullish sign will be confirmed which may lead us to 9k!!!
Good luck! Please like this chart!