BITCOIN - Short Term View: NEUTRAL

in #bitcoin6 years ago

Up Or Down?

  • Not much has changed since my last analysis.
  • Hard to tell if we've finished the 3rd wave within the bigger 3rd wave but we probably have one more impulse up to $7,600 before the bigger 3rd wave is completed.
  • Will be looking to make a short trade at around $7,700-$7,800.

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.

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Any ideas why altcoins going down?

Probably because it was a manipulated bulls run and they see that BTC is not going to moon right now.