Hey guys,
I am going to make it quick.
- We been in this channel since JAN 2023 & respected the channel levels.
- Bitcoin hit our first channel support and bounced to mid range, similar to what happened in June 2023 and we went down to the second backup channel as support.
- We have had our 5th consecutive green month which is this month, it is normal and fine for markets to dip but you do not want to be a FOMO buyer on green candles like this.
I am expecting downwards for bitcoin to be honest with you guys, maybe towards 33-36k range, i am currently offloading some long leverage positions i placed around 37k around these area's.
I still hold my spot positions and looking to hedge against it.
I am going to make it quick.
- We been in this channel since JAN 2023 & respected the channel levels.
- Bitcoin hit our first channel support and bounced to mid range, similar to what happened in June 2023 and we went down to the second backup channel as support.
- We have had our 5th consecutive green month which is this month, it is normal and fine for markets to dip but you do not want to be a FOMO buyer on green candles like this.
I am expecting downwards for bitcoin to be honest with you guys, maybe towards 33-36k range, i am currently offloading some long leverage positions i placed around 37k around these area's.
I still hold my spot positions and looking to hedge against it.
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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.