BitcoinLong
[Beginner] My thoughts about the current situation
First post on here.
My indicator for the current trend is the 7900$-8000$ region. As long as we "close"! below this level the bears are in control. However I think we will test this level in the next two weeks and whatever will happen there will decide the price action for the rest of this year. My current mindset is bullish as the current support at 6k seems to be very strong. I personally will wait till tomorrow to see if we might get hit by a "bloody monday" before opening my long positions (5,8k is my buy target).
Just my thoughts. I'm not a financial advisor.
My indicator for the current trend is the 7900$-8000$ region. As long as we "close"! below this level the bears are in control. However I think we will test this level in the next two weeks and whatever will happen there will decide the price action for the rest of this year. My current mindset is bullish as the current support at 6k seems to be very strong. I personally will wait till tomorrow to see if we might get hit by a "bloody monday" before opening my long positions (5,8k is my buy target).
Just my thoughts. I'm not a financial advisor.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.