BITCOING $39,500 TARGETS: BEARISH
#BITCOIN
Bitcoin showing signs of bearishness. I like to setups easy to spot and time to go back grab some liquidity. Plenty of people are long this market is the craze from 2018 all over again. Hype it up let the dumb money come in, attract new uninformed money into the markets and decimation starts.
This constitutes a shift in the market. Even if it doesn't start taking the elevator down, price can still print 54ish and start targeting the lows at minimum $39,500. Where is the most logical place to put your stop loss if you're trading big! Like banks for example are slowly creeping into these markets and it shows as more entities embrace this market it will start being manipulated- correction- *its already being manipulated*.
The good news is that as it becomes more broadly accepted, price will start behaving like the rest of the markets more controlled and presenting you with the same traits as the markets we originally know.
The bad news, HODL if you want, or add more at the bottom. By Bitcoin tumbling, it'll also send the rest of its coins plunging. Don't believe the hype, stay woke!
Bitcoin showing signs of bearishness. I like to setups easy to spot and time to go back grab some liquidity. Plenty of people are long this market is the craze from 2018 all over again. Hype it up let the dumb money come in, attract new uninformed money into the markets and decimation starts.
This constitutes a shift in the market. Even if it doesn't start taking the elevator down, price can still print 54ish and start targeting the lows at minimum $39,500. Where is the most logical place to put your stop loss if you're trading big! Like banks for example are slowly creeping into these markets and it shows as more entities embrace this market it will start being manipulated- correction- *its already being manipulated*.
The good news is that as it becomes more broadly accepted, price will start behaving like the rest of the markets more controlled and presenting you with the same traits as the markets we originally know.
The bad news, HODL if you want, or add more at the bottom. By Bitcoin tumbling, it'll also send the rest of its coins plunging. Don't believe the hype, stay woke!
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