BTC LONG INTO SHORT?
**NOT FINANCIAL ADVICE**
Potential long from the break of resistance and trendline that has been forming since 25k. We have some bullish divergence on the 1hr/4hr timeframes with quite a few wicks to the downside indicating sellers are exhausted and BTC is due for a correction after the Powell dump.
With this said the market is currently in free fall mode and risk will need to be managed like a toddler especially tomorrow when NYSE opens back up.
Share your questions, ideas, or comments on my strategy, post below and I will answer them, thank you.
Entry will vary upon break of the trend line
Stop loss just below: 20090
Take profit: 20500 and 20750
Potential long from the break of resistance and trendline that has been forming since 25k. We have some bullish divergence on the 1hr/4hr timeframes with quite a few wicks to the downside indicating sellers are exhausted and BTC is due for a correction after the Powell dump.
With this said the market is currently in free fall mode and risk will need to be managed like a toddler especially tomorrow when NYSE opens back up.
Share your questions, ideas, or comments on my strategy, post below and I will answer them, thank you.
Entry will vary upon break of the trend line
Stop loss just below: 20090
Take profit: 20500 and 20750
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