Follwoing the resent rise acceleration, we decided to take some distnace with the market, and switch back to a larger time frame: daily.
The 75 area has everything to stop the current advance and we should see next week a topping formation. Then, the nature of the pull back shall give us more clue. We expect a fall down to the 55 area at least.
If BTC keeps rising like hell, we can't exclude a few days of huge bars directly to 85.
For now, we stay with a neutral to bearish stance
The 75 area has everything to stop the current advance and we should see next week a topping formation. Then, the nature of the pull back shall give us more clue. We expect a fall down to the 55 area at least.
If BTC keeps rising like hell, we can't exclude a few days of huge bars directly to 85.
For now, we stay with a neutral to bearish stance