$BTC Signal: In as much as I appreciate the sense of hopelessness and fear some may be feeling right now, understanding that what is happening is all part of the market cycle. Rest assured; it won't last forever. Now to my signal. The $BTC market at the moment is in what I will term a "bi-directional state," meaning it has the potential to both go down and also up. Both scenarios are highly likely; with the complete playing out of one scenario being followed by the other. However, there is evidence to suggest that the current downtrend may not be fully over. On the other hand, considering the current market-wide sentiment which stands at 25%, as of the time of this brief, an upswing may be in the works making the proposition to buy a somewhat sound decision. Based on the results of my analysis, this are my suggestions: (1) If you decide to BUY $BTC , you have the option to keep it running for some few days (2-4 days) while setting your TP to 62,100 (upper BB in the 4Hr TF - the figure is conservative intentionally reduced) OR you can keep it running for weeks and set TP to 70,200 USD (but in this scenario, you will have to keep your trade running for weeks). It will be wise to use a low leverage (like x5) to reduce your risk if you are doing futures. (2) If you are SELLING BTC, set TP to 45,100 USD, and remember that there is the possibility that the decline could end abruptly. Should the BTC price decline first, know that the next move is more likely to be upwards towards 70,200 USD, before it further declines. Remember to keep an open mind and manage your risks. Anything can happen. DYOR!
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