BTC may drop considerably lower
Hi guys,
Thanks for checking out this quick update on BTCUSD.
There is not much to say. BBands are moving apart from each other with price action rolling over. It doesn’t have to crater, but right now it doesn’t look pretty from bullish perspective. There won’t be a devastating move if the upper band will start angling down, or go flat, but at this moment in time it does show increase in volatility. Buckle up. Despite that it’s the month of September outside we might have to put on shorts.
Please share your thoughts.
Thanks for checking out this quick update on BTCUSD.
There is not much to say. BBands are moving apart from each other with price action rolling over. It doesn’t have to crater, but right now it doesn’t look pretty from bullish perspective. There won’t be a devastating move if the upper band will start angling down, or go flat, but at this moment in time it does show increase in volatility. Buckle up. Despite that it’s the month of September outside we might have to put on shorts.
Please share your thoughts.
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