! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.
What a dump! I was expecting a pullback but not of that magnitude!
Now Supports are flipping to resistance. Is it the end of the bull market? I don't think so. Remember it is Sunday and this movement was a result of overleveraged longs being liquidated.
- The 0.25 Speedfan was retested and got a big bounce from there. If price close inside the Ribbons, it has potential to grow and test the now resistence of 58k. Depending on the reaction, a short can be opened or a long towards new ATH.
- If BTC drops below 51k, then I expect the 382 speedfan to be tested, around 47K. This can be another short.
I am still buying the dips and waiting for the CME to open.
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#btc # bitcoin #technicalanalysis #chart # trading #idea
What a dump! I was expecting a pullback but not of that magnitude!
Now Supports are flipping to resistance. Is it the end of the bull market? I don't think so. Remember it is Sunday and this movement was a result of overleveraged longs being liquidated.
- The 0.25 Speedfan was retested and got a big bounce from there. If price close inside the Ribbons, it has potential to grow and test the now resistence of 58k. Depending on the reaction, a short can be opened or a long towards new ATH.
- If BTC drops below 51k, then I expect the 382 speedfan to be tested, around 47K. This can be another short.
I am still buying the dips and waiting for the CME to open.
--
#btc # bitcoin #technicalanalysis #chart # trading #idea
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.