Sive Morten
Special Consultant to the FPA
- Messages
- 18,635
Good morning,
Well, Roger in general has described the technical background. Indeed BTC stands at strong monthly K-area and we could get bullish grabber, that could change everything. But, it is long time till the end of the December still, and we should understand that the recent drop is not just some news reaction, but massive sell-off because of changing economical fundamental background. Once technical upside reaction will be over - BTC could keep going lower... That's why - to make decision on long-term investment, it would be better to wait for the end of December.
Well, Roger in general has described the technical background. Indeed BTC stands at strong monthly K-area and we could get bullish grabber, that could change everything. But, it is long time till the end of the December still, and we should understand that the recent drop is not just some news reaction, but massive sell-off because of changing economical fundamental background. Once technical upside reaction will be over - BTC could keep going lower... That's why - to make decision on long-term investment, it would be better to wait for the end of December.