There appears to be a strong line of resistance which has been exceeded by ~4% each of the last two times BTC has crashed. Large institutions, namely BoA have recently forecast a coming crash to about 12k$. If BTC drops in the same way a third time, by the same percentage as the last two dips, it will arrive in the mentioned 12k region.
This is also the strongest looking run up toward this resistance out of the three. If price breaks out successfully, we could see the submerged beachball finally released. I propose being positioned to take advantage of either eventuality.
I am a neophyte in these things, however, and not qualified to provide financial advice, which this is not.
This is also the strongest looking run up toward this resistance out of the three. If price breaks out successfully, we could see the submerged beachball finally released. I propose being positioned to take advantage of either eventuality.
I am a neophyte in these things, however, and not qualified to provide financial advice, which this is not.