BTC 8.26 Idea
So as we talked about before, we are getting a form of a pullback from this range of 48-52k. Our high of 50.5k broke and we find ourselves sitting at 46.8k as I am writing this. We have got so many liquidations as I have been watching these moves. Both bull and bear. And if you didn't know. These sudden moves come for exactly that reason. Take the liquidity and run either direction.
Just because we are in this pullback and there is red across the board does not mean you need to panic. If you had a plan. Follow it unless something has drastically changed which would warrant a plan shift.
Wherever BTC lands and runs from is unknown. Stop trying to be Bobby bottom and time the market perfectly because you can't. Be careful here as we have lots of BVOL today but stick to your plan and DCA. Dips are for buying if you remain a bull in any project.
BTC chart for some levels I see as support. We have currently bounced off daily EMA 20 which is 46.2k. This level is a great area of support as last week would indicate but we will see. If we break 44k I see us going to test July high at 42.4k
Just because we are in this pullback and there is red across the board does not mean you need to panic. If you had a plan. Follow it unless something has drastically changed which would warrant a plan shift.
Wherever BTC lands and runs from is unknown. Stop trying to be Bobby bottom and time the market perfectly because you can't. Be careful here as we have lots of BVOL today but stick to your plan and DCA. Dips are for buying if you remain a bull in any project.
BTC chart for some levels I see as support. We have currently bounced off daily EMA 20 which is 46.2k. This level is a great area of support as last week would indicate but we will see. If we break 44k I see us going to test July high at 42.4k
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.
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.