As you can see in my more detailed analysis, I expected an upward movement of around 6900-7000 with a later potential of up to 8000. However, it is worrying that we have a repetitive movement very similar to that which took place around 6600-6900 last week. I'm afraid that the final of this consolidation will be a big downhill ride around 5000. That's why I personally close my "Long" positions and wait for the situation to develop.
註釋
zone 6200 acted as a support and as you could see yesterday we had a big upward impulse what I expected. The current situation is as follows. BTC is struggling with resistance at 6600. After reaching the level of around 6800, there was a demand buzz what we expected (area from a green rectangle) Personally, I bet that we will see a bigger correction but it's too early to be sure. We will see how the situation develops in the coming hours.註釋
The current situation may develop in the one we were dealing with 18-19 FEB 2020免責聲明
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