2-Week Heiken Ashi Shows 30% Drop Target For Bitcoin
SparksterSignals never enjoys being the bearer of bad news...
However, the better you trade, it matters not which way the market goes in the short-term.
As you can see, Heiken Ashi 2-week chart reveals momentum is turning downwards.
Traders may seek to unload altcoin long positions at the risk of a significant price drop on BTCUSD.
Major support is down at $6900.
The current 2-week candle doesn't close until 6th July so plenty of time for a turnaround. We'll be watching closely.
What do you think? Can FOMO help turn momentum back up? Will support be found before $6900? Are the orders book strong enough to eat up the negative sentiment and uphold the price?
However, the better you trade, it matters not which way the market goes in the short-term.
As you can see, Heiken Ashi 2-week chart reveals momentum is turning downwards.
Traders may seek to unload altcoin long positions at the risk of a significant price drop on BTCUSD.
Major support is down at $6900.
The current 2-week candle doesn't close until 6th July so plenty of time for a turnaround. We'll be watching closely.
What do you think? Can FOMO help turn momentum back up? Will support be found before $6900? Are the orders book strong enough to eat up the negative sentiment and uphold the price?
5% target is within sights.