BitcoinShort
BTC's Slow Grind to $15.6K?
As long as SPX keeps bleeding, BTC should follow. So many BTC derivatives now in Equities Markets.
On the higher timeframes, we really don't have a ton of support down to $12-13k, however we will hit bumps along the way.
My hypothesis at this point, leads to a drop to mid 15k range then dangles a carrot before another insidious drop.
I don't have Bookmap, but I am sure there are TON of Limit Buy Orders in the $11-13k range.
Keep DCAing or wait for a solid reversal signal in a few months...OR make some attempts at small leveraged trades.
Stay safe fam.
On the higher timeframes, we really don't have a ton of support down to $12-13k, however we will hit bumps along the way.
My hypothesis at this point, leads to a drop to mid 15k range then dangles a carrot before another insidious drop.
I don't have Bookmap, but I am sure there are TON of Limit Buy Orders in the $11-13k range.
Keep DCAing or wait for a solid reversal signal in a few months...OR make some attempts at small leveraged trades.
Stay safe fam.
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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.