Crypto Winter Incoming?
BTC is testing our initial short term low target of 29,000 that was hit a few weeks back. Following a lack luster BTC Miami Conference BTC and lack of volume im again looking closely at the 29,000 mark.
If we break 29k and hold below that mark for over a day it is extremely likely we will see a continuation of the downward trend.
The target range for this scenario is 22,000 - 17,000. Personally I look at this range as an accumulation stage. DCA (Dollar Cost Average) some large postions in this range would be the ideal scenario.
If we break 29k and hold below that mark for over a day it is extremely likely we will see a continuation of the downward trend.
The target range for this scenario is 22,000 - 17,000. Personally I look at this range as an accumulation stage. DCA (Dollar Cost Average) some large postions in this range would be the ideal scenario.
Note
Patience friendsNote
Additional short position opened at 51k...long term bottom still shooting for levels between 22k-17k which can be seen on the cart.
Trade active
Up 20% thus far on our 51k entry on September 8th. Holding until 22k-17k or until I see a sign on reversal.Trade active
Its coming...Note
Its about that time
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