BTC 4HR Update
Quick update. Looks like btc wants to retest low 9k range. This could lead to a potential break out but I would lean toward a failed retest of this zone. Btc has been on a run so I can’t rule breakout off the table.
Currently DXY is looking to rally, and not sure how bitcoin will respond. I would imagine equities may take a bow here. And waiting to see how btc plays
ShortsBTC are looking to rally here as well.
Since previous breakout I have been short btc 9.4 k and will continue to stay short until forced out of position.
If traders are long here. You want to watch your position. Especially if you are in Alts/btc.
Any quick move down can rekt your long position.
Anything can happen though. Bitcoin has been doing its own thing lately. But from previous experience. These levels is where i guard my portfolio.
Keeping a close eye on this at the moment.
I will keep updating.
JW
Currently DXY is looking to rally, and not sure how bitcoin will respond. I would imagine equities may take a bow here. And waiting to see how btc plays
ShortsBTC are looking to rally here as well.
Since previous breakout I have been short btc 9.4 k and will continue to stay short until forced out of position.
If traders are long here. You want to watch your position. Especially if you are in Alts/btc.
Any quick move down can rekt your long position.
Anything can happen though. Bitcoin has been doing its own thing lately. But from previous experience. These levels is where i guard my portfolio.
Keeping a close eye on this at the moment.
I will keep updating.
JW
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.