good afternoon, quick update here
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we're hanging off the edge of a cliff right now, barely clinging on to the daily 200 simple moving average.
btc must close a daily candle above this level, otherwise things can get ugly very quickly.
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i mentioned in my last posts update, as well as on twitter that i have cancelled all of my long orders, simply because something just doesn't feel right.
i always follow my intuition when it comes to doing anything in life, and this is one of those moments.
if it drops from here, watch 37k as the next big volume shelf, if that level fails to hold, we will hit my 34k level (as mentioned in one of my posts from yesterday)
and if we go that low, there's nothing stopping it from going even lower, to a place many would prefer not to even think about - myself included.
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stay safe out there peoples, use stops if trying to trade this in either direction.
as for me, i'm cash until a direction is chosen.
have a nice weekend ✌
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we're hanging off the edge of a cliff right now, barely clinging on to the daily 200 simple moving average.
btc must close a daily candle above this level, otherwise things can get ugly very quickly.
-----
i mentioned in my last posts update, as well as on twitter that i have cancelled all of my long orders, simply because something just doesn't feel right.
i always follow my intuition when it comes to doing anything in life, and this is one of those moments.
if it drops from here, watch 37k as the next big volume shelf, if that level fails to hold, we will hit my 34k level (as mentioned in one of my posts from yesterday)
and if we go that low, there's nothing stopping it from going even lower, to a place many would prefer not to even think about - myself included.
-----
stay safe out there peoples, use stops if trying to trade this in either direction.
as for me, i'm cash until a direction is chosen.
have a nice weekend ✌
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.