Plain and Simple Bitcoin Daily Analysis - 3/2/21
BTCUSDT
Allright, yesterday, we had some little surprises , driven by fundamentals aka Microstrategy aka Goldmann Sachs news
But will this movement last ?
I'm not so sure, as there is still a lack of confidence lurking over the market.
Right now, the morning 8AM +1 GMT seems fine on the 30mn chart, but overall, the 4 hours give us a bearish perspective.
Today would be again an extra carefull day as we might revisit 45K, maybe lower
Wait and see. Don't get blindly long at that point.
You want to remain a calm observer, with 0 emotions.
And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.
I would recommend to use 0 to 1/4 of your position on leverage, not more, right now.
See you all tomorrow, and don't forget to smash that like button !
BTCUSDT
Allright, yesterday, we had some little surprises , driven by fundamentals aka Microstrategy aka Goldmann Sachs news
But will this movement last ?
I'm not so sure, as there is still a lack of confidence lurking over the market.
Right now, the morning 8AM +1 GMT seems fine on the 30mn chart, but overall, the 4 hours give us a bearish perspective.
Today would be again an extra carefull day as we might revisit 45K, maybe lower
Wait and see. Don't get blindly long at that point.
You want to remain a calm observer, with 0 emotions.
And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.
I would recommend to use 0 to 1/4 of your position on leverage, not more, right now.
See you all tomorrow, and don't forget to smash that like button !
