Buying BitCoin RISKY but Reward Could be HIGH
Updated
The mother of all coins has once again his dreaded 30K level. There are several previous levels.
When you see a level like this one thing is clear. You KNOW EXACTLY where to get out.
So if we buy here, we know that as soon as it drops to 28, we shall say BYE BYE to this trade.
So a BUY opportunity anywhere around 29,000 to 30,000 to 32,000. Target near 60K.
But if it drops to 28,000 we are out.
There is a higher probability that it will break below these levels. If it does, then the NEXT level could be the dismal 13,000 or 20,000.
When you see a level like this one thing is clear. You KNOW EXACTLY where to get out.
So if we buy here, we know that as soon as it drops to 28, we shall say BYE BYE to this trade.
So a BUY opportunity anywhere around 29,000 to 30,000 to 32,000. Target near 60K.
But if it drops to 28,000 we are out.
There is a higher probability that it will break below these levels. If it does, then the NEXT level could be the dismal 13,000 or 20,000.
Note
No Trade Taken.Note
apologies for the bad grammar. "The mother of all coins has dropped once again to the dreaded 30K Level.".
Below these levels, we could drop to $20,000 or even $15,000. The overall BEAR markets are not going to turn around anytime soon.
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.