March 21st, Friday Morning Thoughts
Last night, Sister Lan predicted that the price of Bitcoin would drop to around 830. The actual trend was as expected, with the price falling to 830 and then entering a sideways range, showing very little fluctuation throughout the night. The current price is hovering around the 840 level. From the hourly chart, the indicators show a death cross, but the price is still experiencing slight increases; on the 4-hour chart, the price is currently near the middle band.
Morning trading suggestions are as follows:
- Bitcoin: Short when it rebounds to around 85000 - 86000. Targeting around 83900 - 83100.
- Altcoin: Short when it rebounds to around 2000 - 2040. Targeting around 1940 - 1910.