When comparing a simple chart of previous bull-runs it seems like BTC could drop to 21.5k-26.5k range before continuing its bull-run to at least 69.000$.
Shorting now: Risky: The trend is your friend -> wait for 30k support to give in. Start taking profits at 26.5k.
Going LONG (on margin) at the 26k-21k range: BTC won't fall below 21k. Go Long when the bearish...
Please bear with me, I'm just trying to learn using this software.
Idea: Possible BTC/USD correction to 24k-26k range if failing 30k support? If so, going LONG on margin would be a great buying opportunity, holding up to 70k.
I used historical bull runs to calculate percentages, that's how I came up with roughly 24-26k and 70k price ranges. It's not exact...
![BTCUSDT: [BTC] SHORT now, LONG later. Correction to 26-21k & up to 69k$+](https://s3.tradingview.com/s/s8Yk0HoV_mid.png "[BTC] SHORT now, LONG later. Correction to 26-21k & up to 69k$+")
![BTCUSDT: [TEST] possible correction to 24-26k range if falling below 30k?](https://s3.tradingview.com/w/WN9YbElK_mid.png "[TEST] possible correction to 24-26k range if falling below 30k?")
