Possible Long Opportunity on Bitcoin
As the Bitmex Premium Index is starting to come down, and even flip negative, it might be a good time to hunt for Longs.
A natural place to look will be the 78.6% retracement from the most recent bottom.
It presents a well defined and manageable risk window to take a Long.
Higher timeframe charts of 12H and above are still generally bullish, so let the trend be your friend.
A natural place to look will be the 78.6% retracement from the most recent bottom.
It presents a well defined and manageable risk window to take a Long.
Higher timeframe charts of 12H and above are still generally bullish, so let the trend be your friend.
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