BTC/USDT, Testing the Upper Limit of the Downward Trend Line

25 Eyl 2017

BTC is currently testing the upper limit of the current bear channel and the .5 fib retracement level from ATH. I would still be weary of entering large positions unless we can get over 4000-4100 with conviction. Until then, this could very well be whales trying to lure in a few more buyers before further correction. If you do decide to FOMO in, use tight stops in case a dump ensues. The next few days/week will be interesting for sure.