BTC is at an interesting spot at the moment and it is important to zoom out. On the smaller time frames, BTC has been in a downtrend for several weeks, but the longer term uptrend will be more important. If BTC does break below 
59K, there's a major trendline below it may bounce at around $53k depending on when it hits. That could be a good long opportunity, I also have demand from about 
48K-$52k. If BTC can't hold above that, the next target is the trendline below. Things get really ugly if that gives.
59K, there's a major trendline below it may bounce at around $53k depending on when it hits. That could be a good long opportunity, I also have demand from about 48K-$52k. If BTC can't hold above that, the next target is the trendline below. Things get really ugly if that gives.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
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.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
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.