BTC CAUTION !!!

Fuente

Last week we had a prediction that was not fulfilled and today we have to be cautious of our moves in the BTC market. I did some shopping and today I am careful of what I do. For being a long-term investor, I still have hope, but nevertheless, I come to bring you my impressions for this week.

It seems that the market has lost its thirst and hunger for the BTC and today we are submerged in a mud puddle. The bassists have taken control and surely their forces will be running out when the price is around 6,700 or 6,500 USD. In this sense, we make a technical analysis of the price to be clearer on how to act this week.

First: It is easy to notice that we enter a descending channel that will lead us very surely to the support area between USD 6,700 and USD 6,500.
Second: the support area of 6,700 to 6,500 is not very far, which suggests that we will soon be there.

Third: The RSI is in decline and with a downward trend, shows no signs of short-term recovery.

What can we do?

Wait, that is the most appropriate at this time. Do not despair or sell hastily because the loss may be greater. What I recommend is to wait until we touch the support and we can witness the price recovery.
I do not recommend short entries at this time, the price could rebound tomorrow (although it is unlikely) and we would be suffering irreversible losses.
And finally, I recommend you be attentive to my next post, where I will be talking about the predictions for STEEM and SBD.

Bye