On the picture below you can see these circled areas, it is what trading bots do with a market. You can make a really good profit on this when you catch it in the beginning. There is always a significant fall or jump and then there is this kinda sideways price action and then it repeats until we have a massive bull run or a massive fall.
For now it looks like we have bounced up. We dipped under 0.768 fib level and I was scared a bit that we can go even to 4-5K range. But luckily we have yesterday jumped up over 5% on BTC and altcoins jumped up to 15-20%.
I am standing behind my previous statement, that we can go up to $10 600 - $10 800 range on the 3. wave.
GIVEAWAY ANNOUNCEMENT
This weekend I will post an article with rules for my giveaway. The weekend after that I will pick a winner. So stay tuned and watch for that article!
- Tom
I am NOT a financial adviser of any kind and I am NOT responsible for any financial decisions made by you. I wish you a very profitable trading!