Technical analysis and beyond!
Updated
Somebody look at 'BTCUSD longs', been skyrocketing for weeks with no stopping while BTC/Bitcoin itself is tanking. Might be a pump incoming..
Falls to the ~6050 range, I'd recommend starting position here. I also believe with such high long volumes a shakeout will occur as it has in the past, average down your cost all the way to ~5000. The long positions have to go liquidate somewhere and its at ATH. Crypto has been quiet for a while and expect to be taken by surprise whether or not you know all the news.
Long target is ~8000 - 11000.
Take a look at BTCUSDLONGS here.
Just some educated opinions, nothing here is investment advice tho.
Leave a like, comment if you think other-wise.
Falls to the ~6050 range, I'd recommend starting position here. I also believe with such high long volumes a shakeout will occur as it has in the past, average down your cost all the way to ~5000. The long positions have to go liquidate somewhere and its at ATH. Crypto has been quiet for a while and expect to be taken by surprise whether or not you know all the news.
Long target is ~8000 - 11000.
Take a look at BTCUSDLONGS here.
Just some educated opinions, nothing here is investment advice tho.
Leave a like, comment if you think other-wise.
Note
BTCUSDLONGS has increased nearly 10k in positions in a week!Trade closed: target reached
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