BTC, new long opportunities?
After showing strength after the next V-Formation last week which lead to 3600 the BTC remains strong between 4200 and 4400 with another lower volatilty phase. Likely the price will drop a bit before the next bigger uptrend but since the BTC remains strong it is unclear. In my opinion it isn't a good idea to short the BTC in this market phase before the market really confirms a longer downward movement, which didn't really happen so far (maybe it's better to look for new long postions at lower price than 4200). So there is still in my opinion a lower possiblity for the price to increase or lower a bit before we see a bigger movement in any direction.
My suggestion, wait for the market and look in which direction it moves, only if it's clear there might be a possibility and don't buy or sell the first big movement, better wait for a second or even third confirmation.
My suggestion, wait for the market and look in which direction it moves, only if it's clear there might be a possibility and don't buy or sell the first big movement, better wait for a second or even third confirmation.
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