All our monthly analysis was validated as we had anticipated. With the total market capitalization around USD $200 billions we do not recommend opening new positions. Just wait for a new positive reaction from the market.
Basically the market is acting negatively on the latest news from the CME regarding the closure of trading operations because of the Coronavirus and other socio-political problems.
Our daily emergency analysis indicates that Bitcoin after reaching a maximum drop point, touched one of the main Gann angles that for us would be an important support correlated with the market. Other analysts will say that this is an important downtrend line.
Recall that Gann’s theory decreases the errors of trend lines in every way. Therefore, we make it clear that the market is not currently in a very good phase for making entries.
As an emergency strategy, we only suggest buying the dips a few times or staying bought in BTC. Good Luck!
See you in the next story! With love 💛 Rubika Ventures Team!
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