We are starting to find support here. While SPX is still selling off, BTC is drifting higher intraday on MSTR frontrunning and shorts closing.
There are a few levels to the downside I market, I find them relevant myself on htf and have simply scaled orders between current lows and 65k. There is not much of a setup, but I think if we make new lows again there is decent cascade risk and would like the get filled if that happens. If not, no harm done.
Depending on how far this move up goes, I would watch the 87k area for profit taking and potential rejection.
Accepting in high 80s and low 90s would set us up for a move into mid 90s, maybe even low 100s.
There are a few levels to the downside I market, I find them relevant myself on htf and have simply scaled orders between current lows and 65k. There is not much of a setup, but I think if we make new lows again there is decent cascade risk and would like the get filled if that happens. If not, no harm done.
Depending on how far this move up goes, I would watch the 87k area for profit taking and potential rejection.
Accepting in high 80s and low 90s would set us up for a move into mid 90s, maybe even low 100s.
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Content in partnership with:
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twitter.com/huskyXBT
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.