Hi guys,
No posts for awhile due to how range bound the price has become between 36.6k and 30k and just the corrective nature we have been seeing as a whole.
I still think BTC is going lower but we will likely to get a pull back of +5/+8% around this area similar to what we saw early July, followed by a a dump soon after allowing the bears to target the 30k zone again.
It's unlikely to hold up and a break of this zone is the more favourable scenario for myself right now.
I would love to see this happen as we would finally have broken out of this range we've been in since late June and give us some ability to trade.
Whether we break up or down I don't really care I just think the longer we stay in this range the worse it will be for Bitcoin, a breakout soon is crucial to finally give some clear direction and stop this stagnant nature we have been seeing.
No posts for awhile due to how range bound the price has become between 36.6k and 30k and just the corrective nature we have been seeing as a whole.
I still think BTC is going lower but we will likely to get a pull back of +5/+8% around this area similar to what we saw early July, followed by a a dump soon after allowing the bears to target the 30k zone again.
It's unlikely to hold up and a break of this zone is the more favourable scenario for myself right now.
I would love to see this happen as we would finally have broken out of this range we've been in since late June and give us some ability to trade.
Whether we break up or down I don't really care I just think the longer we stay in this range the worse it will be for Bitcoin, a breakout soon is crucial to finally give some clear direction and stop this stagnant nature we have been seeing.