BTCUSD update: The correction is here?
After a month-long bullish ride, it looks like Bitcoin is taking a turn. It's down 6% from its peak, but it's still within its upward channel. I know waiting isn't fun, but we must watch the market's response closely. We can not predict the future, the best we can do is to wait.
If you're feeling bullish and want to go LONG, go ahead but with caution - keep your bet small and your stop-loss tight.
But personally, I think this could be the correction we've been waiting for. For those looking to short-sell, now's your chance. Find your entry point around 230xx - 232xx, and aim for 20k5. Or, play it safe and wait for BTC to test the 20k mark before going all-in.
Remember to trade with discipline, always trade at your own risk and never risk more than you can afford to lose.
If you're feeling bullish and want to go LONG, go ahead but with caution - keep your bet small and your stop-loss tight.
But personally, I think this could be the correction we've been waiting for. For those looking to short-sell, now's your chance. Find your entry point around 230xx - 232xx, and aim for 20k5. Or, play it safe and wait for BTC to test the 20k mark before going all-in.
Remember to trade with discipline, always trade at your own risk and never risk more than you can afford to lose.
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.