Breaking news: BTC shows some signs of becoming strong on the daily chart.

Check out the Crypto Kings and Queens group for an update.

Check out the Crypto Kings and Queens group for an update.

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3 answers


Piotr Michalak

In my opinion, the market is still in a phase of great uncertainty. We have a 50/50 chance of going higher or lower from these levels - I speak in the medium term.

We are making lower and lower local lows, lower peaks, the market weakness is evident, the sentiment is uncertain, and there is a lack of momentum. Even a bounce to $65,000 USD, if not dynamic, may only indicate a local correction and further continuation of declines, initially towards the levels of $59-61,000 USD.

Of course, this does not mean that I am selling, being certain of declines. It means what I wrote: we are in a phase of uncertainty, in a 50/50 phase. That is why I keep part of my capital for potential purchases if we fall even further. In other words, the local trend has not yet clarified.

Let's be prepared even for scenarios such as consolidation for another month. It wouldn't surprise me at all. And I have the impression that everyone is waiting for something specific to happen in the market. It could be boring.

In my opinion, the market is still in a phase of great uncertainty. We have a 50/50 chance of going higher or lower from these levels - I speak in the medium term.

We are making lower and lower local lows, lower peaks, the market weakness is evident, the sentiment is uncertain, and there is a lack of momentum. Even a bounce to $65,000 USD, if not dynamic, may only indicate a local correction and further continuation of declines, initially towards the levels of $59-61,000 USD.

Of course, this does not mean that I am selling, being certain of declines. It means what I wrote: we are in a phase of uncertainty, in a 50/50 phase. That is why I keep part of my capital for potential purchases if we fall even further. In other words, the local trend has not yet clarified.

Let's be prepared even for scenarios such as consolidation for another month. It wouldn't surprise me at all. And I have the impression that everyone is waiting for something specific to happen in the market. It could be boring.

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2 likes

Roster

Will you also delete this post if the market decides otherwise?

Will you also delete this post if the market decides otherwise?

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