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BTC - What's on the menu now?

업데이트됨

btc failed to hold the important 64 k level allowing us to fall below Bull market support
I had a few long positions get stopped out

To move on the the next potential movement we only need to zoom out and look at the levels , we seems to have gotten so ahead of ourselves pushing the market higher we left a level without a backtest , we will , in my opinion see that corrected with a potential for lower levels of the Fibonacci

Bears may regain the dominance and we could see future zig zag and corrective corrective structures

노트

WE ARE IN DANGEROUS TERRITORY

노트

we may hold 60 k and depending on what we do off 64k will determine alot ,
its Monday , institutional investors are taking over dominance over price and I believe they want to push it higher, the fact we wicked down to 60~ briefly speaks volumes about a pool of long positions waiting to be taken , they want the sale price

However beware of getting trapped, the market has a tendency to suck in investors and reverse and as such that is why we try to look for pivot points for entries instead of fomo'ing.

Look for pivots , use tight tolerance shorts and split your positions up into fire sale hopeful areas as well as use the fib . that way if you catch it reverse action will get stopped out from buying pressure and we can observe where we go from there

노트

support at 60500 , we will see if the bears really have it or if there is will among institutional investors to push this higher

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