HOLDING ON WITH FINGERNAILS
BTC support is hanging by a thread at the moment, losing $31.1k will very likely see a rapid fall to $30k.
Looking at the order books and there is one of the biggest orders I have seen on them for a long time sitting at 3k BTC on $28k. This is a big indication of where the price is going - I do also believe we could be seeing a genuine bottom here. We are still moving into the GBTC unlock that will likely insight a sell off push below already weak support over the weekend.
I am really not very bullish on BTC atm - and my current play is if losing $31k then shorting to $30k and then again to $28.3k.
I am hedging longer term and setting buys at $30.1k and then again at $28.2k.
Stay safe, stay positive and remember with all trading what goes down usually comes back up - we are nearing the end of this bleak cycle I feel.
BTC support is hanging by a thread at the moment, losing $31.1k will very likely see a rapid fall to $30k.
Looking at the order books and there is one of the biggest orders I have seen on them for a long time sitting at 3k BTC on $28k. This is a big indication of where the price is going - I do also believe we could be seeing a genuine bottom here. We are still moving into the GBTC unlock that will likely insight a sell off push below already weak support over the weekend.
I am really not very bullish on BTC atm - and my current play is if losing $31k then shorting to $30k and then again to $28.3k.
I am hedging longer term and setting buys at $30.1k and then again at $28.2k.
Stay safe, stay positive and remember with all trading what goes down usually comes back up - we are nearing the end of this bleak cycle I feel.
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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.
Related publications
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.