Massive price action this week with huge downwards pressure towards end of W45
Quick profit was to made made of the $380 range as we expected, but the trending average was a bit below prediction.
Today Sunday, we saw huge selloff and bears attacking hard pressing price down to $366. Small rebounce to $370 but watch out..
We might even test the $320 range in W46 if bears continue to attack with same force.
Long orders should probably be avoided atm until we see where this goes.
There are rumors about the “MMM Global Republic of Bitcoin” scheme being somewhat responsible for the current rallye towards $500 and likely also behind the selloff Sunday. Again rumors, but they may hold some truth. Trade with cation the next couple of days.