Bitcoin is a Bloodbath. That's all i'm reading everywhere. Yes we have hit SL on our buy position, but that is totally fine as we have had huge returns of late. We can't win all of our trades it is not sustainable, losing is part of trading. So we move onto the next re analyze and pick our next position in the market.
The demand at 40K has been broken, so it looks like we will most likely be re visiting the demand zone at 33K. Which was the original source for the push to make the all time high. Will we see the same again? Time will tell, mark your charts and get ready for support to form at that zone for the buy. Cheap Bitcoin is always a good idea to buy. GLIYF