BTC bounces via 10 Billion increase in MC last 5 hours.
Surprising BTC has come back to life after a 9 Billion dollar injection into the market within the past few hours. That is a big pump in terms of time frame.
The truth holds true "when pessimism is the consensus the market births opportunity for whales alike" Good lesson for the hodlers that have been dumping of late or should I say toddlers? ;P JK
The chart shows profit taking at the following levels.
Buy in up to 3800.00 and as we break resistance it becomes the new support for which we buy in at for the next stage of profit taking. Stop loss after buy in at just below support...as you see fit.
Profits
1) 4120.00
2) 4316.00
3) 4704.00
4) 6590.00
Not financial advice but my view and what I am going to do.
Cheers.
The truth holds true "when pessimism is the consensus the market births opportunity for whales alike" Good lesson for the hodlers that have been dumping of late or should I say toddlers? ;P JK
The chart shows profit taking at the following levels.
Buy in up to 3800.00 and as we break resistance it becomes the new support for which we buy in at for the next stage of profit taking. Stop loss after buy in at just below support...as you see fit.
Profits
1) 4120.00
2) 4316.00
3) 4704.00
4) 6590.00
Not financial advice but my view and what I am going to do.
Cheers.
Note
Discrepancy between title and comments. Meant to correct the 9 billion to 10 ;p
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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.