Hello traders,
If you've ben following my last few posts I've been saying bitcoin was overdue for a correction/pullback of some sort and it's looking like shorts are starting to pile up.
Whales are short and the charts show, ignore the noise and everything you see others saying because 90% are clouded by their own emotions and aren't realistic with anything.
4 hour close below $45,130 and things likely pick up in speed.
10x longs get liquidated around $41,444 which is part of the reason it's my target if things do head south, also a great area of interest in terms of market structure.
Daily chart looks ready to collapse, it's been a while since we've had a multi-thousand dollar move to the downside and can feel something brewing.
Asian whales love to short and it's currently Asia's trading session.
All I'm saying is taking profit if you're long is never a bad idea, especially if you're using leverage.
The markets take back most of greedy traders profits 100% of the time if they aren't careful, it's just how the markets work.
Stay safe, and will post within the next 24-72 hours.
Please like/comment to show your support for my page.
👍
If you've ben following my last few posts I've been saying bitcoin was overdue for a correction/pullback of some sort and it's looking like shorts are starting to pile up.
Whales are short and the charts show, ignore the noise and everything you see others saying because 90% are clouded by their own emotions and aren't realistic with anything.
4 hour close below $45,130 and things likely pick up in speed.
10x longs get liquidated around $41,444 which is part of the reason it's my target if things do head south, also a great area of interest in terms of market structure.
Daily chart looks ready to collapse, it's been a while since we've had a multi-thousand dollar move to the downside and can feel something brewing.
Asian whales love to short and it's currently Asia's trading session.
All I'm saying is taking profit if you're long is never a bad idea, especially if you're using leverage.
The markets take back most of greedy traders profits 100% of the time if they aren't careful, it's just how the markets work.
Stay safe, and will post within the next 24-72 hours.
Please like/comment to show your support for my page.
👍
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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.
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.