The
Bitcoin is correcting, time to Bit-inFinally Bitcoin is cooling down. Now you will see many people forecasting that Bitcoin will go down to $5,000, I disagree. This is normal, no one should be selling at this point. The time to take profit was around $42,000. Now is the time to Bit-in or wait to see how much further down we can go to get the best price. I do not see us going under $20,000 at worst and at best we will consolidate around $30,000 before heading back up to $50,000 or more. Bitcoin has proven every opponent wrong thus far as long as you HODL for long periods.
Great long opportunity incomingkeeping this quick
Red pencil line represents a quicker move than anticipated. This is if energy holds strong however I dont believe this line will play out.
cyan line represents a more realistic accum session. this is because I dont believe we will have very long around 430+, therefore the pre accumulation will trade lower than desirable.
Gobble up anything below 400 for this one. Ride er up
T1 436
T2 443
T3 450 OBO
XBTUSD Long entry play intraweekHere is how I will scale in my next long entry on XBTUSD, you decide the %weights but I like to double-down so if first bid is x then 2nd bid would be x² and 3rd x³... Max loss per position is always 5% of trading account so set your stops/leverage accordingly. I'm hard stopping this position right under 10k. Best of luck everyone!