BitcoinLong
Bitcoin bat?
My last analysis was almost perfect, it only missed the target a little. I hope if you followed my idea, you could still make some profit.
Now I feel the panic is worse than the situation. Everybody is bearish on twitter, opening shorts, but Bitcoin still has not crashed. I am prepared for a crash but until then there can be other opportunities to trade.
The question is if Bitcoin will draw the bat pattern again. If it will then buying below 38500 can be a good idea. Of course setting a stop loss is mandatory because everybody is panic selling, the Nasdaq is also falling, so be prepared for a crash.
Good luck!
Now I feel the panic is worse than the situation. Everybody is bearish on twitter, opening shorts, but Bitcoin still has not crashed. I am prepared for a crash but until then there can be other opportunities to trade.
The question is if Bitcoin will draw the bat pattern again. If it will then buying below 38500 can be a good idea. Of course setting a stop loss is mandatory because everybody is panic selling, the Nasdaq is also falling, so be prepared for a crash.
Good luck!
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.