We may see some small upward move to $ 48,500-49,000 based on the stochastic of the daily chart.
However, NEW MOON phase, and negative MA-10 vs MA-30 provides good guidance to lower levels. The $ 45,800 is the key for sharper down move forcing LONG liquidations to happen.
Overall, am happier in SELL strategy, and selling anywhere $ 46,000- $ 48,000 is fine for now, and the stop should be placed $ 50,500.
The market is trailing and slow, and this should keep us being careful, as this can change any time. Market condition is LONG and remember its speculative holdings for Crypto.
However, NEW MOON phase, and negative MA-10 vs MA-30 provides good guidance to lower levels. The $ 45,800 is the key for sharper down move forcing LONG liquidations to happen.
Overall, am happier in SELL strategy, and selling anywhere $ 46,000- $ 48,000 is fine for now, and the stop should be placed $ 50,500.
The market is trailing and slow, and this should keep us being careful, as this can change any time. Market condition is LONG and remember its speculative holdings for Crypto.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.