#CRYPTO MARKET UPDATE: Hello guys hope you guys are doing well, let’s talk about the current market situation.
#TECHNICAL_PERSPECTIVE :
BTC/USD Currently fluctuating around 9300 After a very low dip around 8300 there’s still a bearish Scenario underlying the current market situation.
After hitting 8300 there has been consistent buying in the Market and people are trying to take out profits now the question is whether it will break the the very important 9850 level… If it breaks upside we may expect a bullish scenario all the way to 12800 or if not we might test the 7666 and 7238 levels which are two extreme levels that are now definitely in play and an area I will not hesitate to add especially with the recently closed position.
In this current situation it is better to wait to enter.
At this time we are just in the wait and hold mode, looking for a good point to add.
At this time we are just in the wait and hold mode, looking for a good point to add. As governments not only move to implement regulations for the general public’s safety, they are moving to adopt the technology as a whole. States as well as countries want to be the leader in this technology attracting investors and new businesses. Clearly we are seeing this and those that have the fortitude to look at the bigger picture will profit nicely as we enter this NEW REVOLUTION.
@Cryptocurrency news Advise:
HOLD to your positions/ alts if you have any, wait for some time to re enter or buy in any alts, its very risky to enter in this market. We are keeping a close eye on this situation and as soon as we get any confirmations we will start provide signals.
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