Hi folks, just a quick update on Bitcoin. We went down to 16 256$ today.
Nothing special is going down, looks we are going back to the holidays low season volume.
Daily TF: we are already bouncing back from the local support and we'll probably go to 16 690$. If we can't go trough with this, we'll see lower levels way sooner.
As you can see with the green line there's no sign of strength and the charts is showing low volume, so we should stay in range until we go back down to test 15 584$ support.
Nothing new on the monthly chart. MFI is at 14.78 a good sign for longs, but until the green line clearly goes up and cross the red one in direction of the 50 level, there's no way to be sure that we are good for LONG. We still have room to drop the support point around 13 700$.
Be patient, follow the price, not the influencers, and if you cant wait, make a plan, DCA the shit out of Bitcoin and only invest what you can afford to loose.
Good luck and good Profits!
GGP
disclaimer: This is just my opinion. Not an expert. Not financial advice. Just for fun. DYOR.