BTC breaking down and next psychological level is 35k

10 Oca 2021

BTC rolling over near the top and failed to break through the ATH and now reversing. BTC broke out but has now come back into the upsloping channel on the Daily and 4 hr. The possible area of support is around the heart line around 35k which it may not hold because of very little PA on the way up. If you are looking to enter take an entry possible entry around the area of support 35k, 32k, and around 30k strong level of support. Stagger your purchases with a small entry at 35k (0.2 of total amount) and if PA does break down then another entry at 32k (0.3 of total) better support and if it goes down to 30k(0.5 of total), this is a major area of support and should hold unless BTC completely breaks down because of external news. Not financial advice. Do your own DD.

11 Oca 2021

İşlem kapandı: hedefe ulaştı

The targets have been reached. However I have not enetered into the trades because the UK regulator just issued a warning and that has fundamentally changed the story for BTC. I will wait to make any further entries till there is more clarity on it.