Bitcoin to hit 93K within a few weeks? Huge buying opportunity?
Updated
Here in this education and analysis video I teach more about fakeouts and divergences from my 30 years of trading experience and show how we may just be weeks away from hitting 93,000 on bitcoin!
Nice stop loss now at 57500 for a great potential long entry.
Nice stop loss now at 57500 for a great potential long entry.
Comment
Sorry about the sound quality, new mic is on order :)Trade closed: stop reached
Looks like we have manipulation in the market with exchanges stop hunting long stops and big money staying well clear of crypto after the SEC confirmed what i'm am saying above. Im stopped out here and not looking to re-enter shorts or longs in crypto while manipulation is in play.Comment
An opportunity may exist for longs again should anyone wish. Now that most leveraged longs have been liquidated, let's see if the powers that be want to go the other way now and take out all the short stops between here and all time high.Comment
Note of caution, weekly charts all closed with big bearish reversal patterns and top formations. It's perfectly possible that we may see a massive further retracement of crypto down to oversold levels on weekly charts. If you are trading short or long best to only hold short term swing positions both ways now and capture profits, dreams of 100k bitcoin or 20k bitcoin will only cause major problems in trading strategies after last weeks price action.
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