Bitcoin due for retracementsteemCreated with Sketch.

in #bitcoin7 years ago (edited)

Just a word of caution before I log off. As per my comments last week about BTC prices that would go up to $3500 before end of June. As we can all see that btc is on a rally and everyone is jumping on board and going all in. A word of caution is in order as btc is very ripe for a major retrace before it sets its target to $3500. Retrace could happen on or before it hits $2900 mark so be very careful not to lose all your investments. If and when it retrace it might go down to $2300 and even further down to $2200 before going back up again.

With STEEM for now it took a big dip and within the next few days will see it go up to 0.0005280/btc and retrace back down to 0.0004380/btc mark and even further down to 0.0004200 mark before making its way up again and try to break all resistance. Let's just hope it does not break the 0.0004200/btc support.

Well that's my 2 cents based on my fundamentals and technicals. And off course I assume that you are already aware which are the bollinger bands and fibonacci otherwise, damn!! joke :)
Have a good one and please feel free to share some of your inputs as well, fresh perspective is what we always need.

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Good prediction! im following you... keep the advises coming..

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