We need to hold the point of control to continue higher (BTC)
What’s up y’all? Good morning happy Monday. Start off this trading week amazing so this is what we’re looking at on bitcoin. I’m surprised I have not been stopped out on my long. We need to hold $66,000 as support or the point of control to continue higher.
I do have some levels where I’m gonna start taking profit on this long 786 $70,000 if this trades does go the way needs to go not guarantee. We do have $1.8 billion worth of short liquidation sitting at $73,000-$74,000. Remember liquidity is like a magnet not a guarantee will go up there but my best price will continue higher. If we do reject this level right now, I could possibly be looking for a double bottom at the value are low to add more into the long to continue higher Only with bullish confirmations.
I do have some levels where I’m gonna start taking profit on this long 786 $70,000 if this trades does go the way needs to go not guarantee. We do have $1.8 billion worth of short liquidation sitting at $73,000-$74,000. Remember liquidity is like a magnet not a guarantee will go up there but my best price will continue higher. If we do reject this level right now, I could possibly be looking for a double bottom at the value are low to add more into the long to continue higher Only with bullish confirmations.