BTC update 27th June

BTC now trading around 6120. When we look at the long vs short positions, we think that BTC will drop. Long 57 % and short 43%. If whales see that there are a lot more long positions open then short positions they can manipulate the market and destroy al lot of long positions by driving the market downwards. If we look at the trend we see a rising wedge, this also indicates a drop in price after this wedge. The support around 6000 is big and is likely to hold. Conclusion, we think we will go down to 6000 and bounce back.


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We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

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