When do we enter the market?
Updated
Hello !
Dominance #Bitcoin (#BTC.D) is still planning to target 45%; #Bitcoin price is still trading around $ 38,500
The cash flow has not been injected into the market yet, the downtrend is still covering the whole market
#bitcoin chart data is showing a big price move around May 7, 2022
Plan:
- Market will have a very large Long/Short kill, absolutely no margin/future at this stage
- At the time #BTC.D (dominance) reaches 45% index, we will observe market movements, to have a plan to surf #altcoin;
- For those who have a Long order, consider cutting orders and staying out of the market at this time;
- For those who are already short, I think the safe liquidation price is around $44,000; It is easy to see on the daily time frame #Bitcoin has formed an average block price of 42,800$
Good luck !
Dominance #Bitcoin (#BTC.D) is still planning to target 45%; #Bitcoin price is still trading around $ 38,500
The cash flow has not been injected into the market yet, the downtrend is still covering the whole market
#bitcoin chart data is showing a big price move around May 7, 2022
Plan:
- Market will have a very large Long/Short kill, absolutely no margin/future at this stage
- At the time #BTC.D (dominance) reaches 45% index, we will observe market movements, to have a plan to surf #altcoin;
- For those who have a Long order, consider cutting orders and staying out of the market at this time;
- For those who are already short, I think the safe liquidation price is around $44,000; It is easy to see on the daily time frame #Bitcoin has formed an average block price of 42,800$
Good luck !
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