Possible sideways chop this week followed by a sharp correction
I am currently positioned short from the 67.5k level.
BTC currently sits at critical resistance.
It is the same resistance that rejected the price in July 2019, and it is the same resistance that rejected the price in April of 2016.
The resistance is the 350 moving average in the CT Reverse Pi cycle top indicator.
Therefore, if today confirms the closing local top, a target of 48.6k is within reach.
I hope this helps someone out there.
God bless!
BTC currently sits at critical resistance.
It is the same resistance that rejected the price in July 2019, and it is the same resistance that rejected the price in April of 2016.
The resistance is the 350 moving average in the CT Reverse Pi cycle top indicator.
Therefore, if today confirms the closing local top, a target of 48.6k is within reach.
I hope this helps someone out there.
God bless!