Quick update on my previous Bitcoin call

6 Oca 2020

Hey guys just a quick update. If you have not seen my previous post please go take a look at that. After a very slow month in December we are finally starting to see liquidity come back to the market, our first upside target has already been fulfilled and we saw a perfect retest of the trend line and the 78.6 Fibonacci. I'm still anticipating a spike to the key level just above us at $7700-$7800. If this does come through we can start identifying short opportunities. For now I will be sitting on the sidelines as it looks too risky to enter any trades. Alts seem to be moving today with XRP up around 8%, Bitcoin is lagging behind a bit however I would not be surprised if it starts catching up. For now lets be patient and wait for the market to come to us so we can get a much more precise entry and significantly reduce our risk.