The sharp drop caused by Galaxy Digital seel off has brought PA to a line of support but also to the top of a Fair Value Gap ( FVG)
This could cause a further slide as traders decide to try and pick up some BTC from this gap.
FVG have a tendancy to be used as Good trading spots due to the lack of previous trading in that range
So, if support breaks, we could see a return to 111K as the fist gap gets filled.
We could alsp return to 109K - 107Kshuold momentum continue.
And finaly, should the move seem to attractive to some, a final Wick down to 97K is possible. This would Terrify many and would also be such a Good opportunity to buy.
I think it is unlikely though
Just my opinion but I am looking to place Buy orders between 109 - 107......just incase
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
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.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
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.