BTC is forming a channel which has led to major over bought indicators. Volume has been drying up and we are getting confirmation of a head and shoulders bearish reversal indication.
This leads to a correction inside of the channel down to the previous ATH at $3,000. Expect corrections will occur over the next several weeks into mid September.
Thanks for reading! Follow, vote, resteem!
I reckon it's a possibility. Be good to take a bit of heat out of the market. If so, It'll be a good opportunity to buy... Thanks for your post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This. As usual, BTC will come back a bit, so now is the time to buy more, especially if you're in for the long-term. Also the recent rocketing of BTC was a great spot to buy more altcoins, as now they're starting to climb up again as well!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit