BTC - taking a breather
Updated
BTC touched the mid-term target of 48xxx after going to 15xxx.
its more than 300% growth.
As the halving is near this growth has to be cooled down in the mid-30xxx area for a catapult action in Autumn of 2024.
the downside target on the cards is around 36000 - 36500.
I am not shorting this with high leverage as the big money has entered the market and there is nothing a shrimp can do against that whale power.
let us see how long it takes to realise before halving.
** Just a trade idea, not financial advice.
its more than 300% growth.
As the halving is near this growth has to be cooled down in the mid-30xxx area for a catapult action in Autumn of 2024.
the downside target on the cards is around 36000 - 36500.
I am not shorting this with high leverage as the big money has entered the market and there is nothing a shrimp can do against that whale power.
let us see how long it takes to realise before halving.
** Just a trade idea, not financial advice.
Trade closed manually
not looking good. closing @ minor loss.
Related publications
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.