#ShouldI GO INTO THE LINE or GO INTO THE CAVE at this time, guys? 😅##
- The RSI indicator is oversold in more than 90% of altcoins on the H4 frame. Only the BTCDOM index is in the "overbought" zone.
- Yesterday there was news that MT GOX moved more than 2 billion USD to another wallet, planning to start paying its customers within the month.
- The news came out right when BTC dropped sharply. If MT GOX pays billions of dollars at this price, I don't know who will support the price???
=> It is possible that only ETF funds can buy. Almost all funds are holding BTC positions above 60k USD.
👉What we need to do now is wait for the price to stabilize to buy our favorite coins.
- BTC will likely continue to be under selling pressure from now until the end of the week.
💵 Therefore, my target price for DCA altcoin is when Bitcoin reaches 50k - 54k USD.
==> IMPORTANT THINGS TO REPEAT 100 TIMES 😎😎