Local ‘shakeouts’ won’t change the market structure

‘Now I am waiting for a generally sharper drain down, that is, the merging of buyers’ stops. The BTC price may drop by several percent, after which we will see a local liquidity increase, and a new upward trend will begin,’ the expert notes.

Altcoins

‘After that, the tools will regain volumes and go to the test the $4,000 level, where the previous key resistance was located,’ Mark Sorokin notes.

“The XRP is interesting again, which reached the level of $1.3, the lower limit of the previous resistance. But I still expect in the global long-term perspective, the coin will move to the level of $1.8–2, that is, to update the local highs reached a few months ago,’ the 8848 Invest’s expert insists.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store