Bulls might have a last chance at saving Crypto
Updated
So I joined Trading View at a time when the Crypto space was bleeding. And then over the last 3 months, I've been patiently holding fiat, entering some swing trades and scalps, but not yet comfortable to enter longer term positions or HODL. It has been a strategy that seems to have paid off. Am I going long term in to any coins anytime soon? Not yet.
Here's my view on what Bitcoin seems to be doing. Its 4 months into a bear market, and the recent failure of the market at 10k was expected as the bulls simply couldn't keep the momentum going, refer my previous post. The short was extremely profitable, and if you are still holding that position, my target for that short would be 8100-8200 (Let's not be greedy now ;-) ). Tomorrow we will see the first Red week close after 4-5 weeks of green, even with Consensus 2018 starting in a couple of days and it being one of the largest ever. We could have another week of red, as its highly unlikely anyone would trade BTC bullish until we find a strong support.
Look out for a strong positive news before BTC does go up.
Here's my view on what Bitcoin seems to be doing. Its 4 months into a bear market, and the recent failure of the market at 10k was expected as the bulls simply couldn't keep the momentum going, refer my previous post. The short was extremely profitable, and if you are still holding that position, my target for that short would be 8100-8200 (Let's not be greedy now ;-) ). Tomorrow we will see the first Red week close after 4-5 weeks of green, even with Consensus 2018 starting in a couple of days and it being one of the largest ever. We could have another week of red, as its highly unlikely anyone would trade BTC bullish until we find a strong support.
Look out for a strong positive news before BTC does go up.
Trade closed: target reached
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