I'll keep it short.
Very likely Adam & Eve bottom on a "long" timeframe in the crypto world.
We've seen massive margin shorts open from 9230 area down to 9000, around 7000 BTC on Bitfinex alone in just 24 hours.
Unless theres insider trading involved, again, like we've previously seen, these shorters are taking a HUGE risk going short this massively in this area.
If you can get on the right side of this squeeze, expect upward movement to 13k.
Keep your stoploss just below previous low, and you got a Class A trade 4:1 RW trade.
Best of luck.
Very likely Adam & Eve bottom on a "long" timeframe in the crypto world.
We've seen massive margin shorts open from 9230 area down to 9000, around 7000 BTC on Bitfinex alone in just 24 hours.
Unless theres insider trading involved, again, like we've previously seen, these shorters are taking a HUGE risk going short this massively in this area.
If you can get on the right side of this squeeze, expect upward movement to 13k.
Keep your stoploss just below previous low, and you got a Class A trade 4:1 RW trade.
Best of luck.
Comment:
8.3k Must hold for trade to stay valid, however 8.3k fails next bottom should be expected at 7.5k.
Trade closed: stop reached:
7.5k for next stop.