The pump on BTC was very suspect but made sense if BTC is to move higher.
The 9k area was taken with a spike above liquidating any stops sitting above there. Price has lost momentum, could see a failure and a move lower to pick up orders and scare the moon boys. A break below 8k in to reaching for liquidity would trigger buy stops.
I want to say we see 10 by end of May but the halving and stonks might have other ideas.
There is also a scenario that takes BTC to 1.8k so I will be placing orders with this in mind, even a small position would be profitable if this is the swing point.
Stonks are in a position to dump and I think BTC would likely follow.
The 9k area was taken with a spike above liquidating any stops sitting above there. Price has lost momentum, could see a failure and a move lower to pick up orders and scare the moon boys. A break below 8k in to reaching for liquidity would trigger buy stops.
I want to say we see 10 by end of May but the halving and stonks might have other ideas.
There is also a scenario that takes BTC to 1.8k so I will be placing orders with this in mind, even a small position would be profitable if this is the swing point.
Stonks are in a position to dump and I think BTC would likely follow.
