I don't trade this time-frame, but thought this might interest a few people. Potential for ~1500 for ~200 risk.
I was hoping for a deeper correction to go long, but perhaps it will come today. The whole market seems to be in a holding pattern. Be careful.
Long-term trade TP 10.30 and let some run
For long-term holders, opportunity to top up, but be careful. Also there is still the risk of a bigger sell-off, but otherwise I expect a few more bounces before we resume. I am Long and adding on these re-traces, good luck.
Algo has been my stable coin of choice for a long time and I've averaged up over time to ~.423 GBP ($0.58) for the staking reward and low volatility. However, it's looking like it's being traded and is bullish. I'm looking to partially trade this out if we continue this trend, at around $1.12 (.8 GBP). I will let my profits run long-term.
Break resistance @ $13.5 or break from trend line and continue ranging? Either way, I would be long (and I am). TP @ $16 (others are suggesting 20+)
In this case Elon's twitter feed, which now features #bitcoin in his profile
Hopefully longs were following the news. It seems that this is still not being picked up everywhere so be careful if you are long. It's impossible to say what is coming next in terms of policy direction, so risk management is challenging to say the least. Obviously, if the policy direction is fairly light touch, then I would expect BTC to rocket, but equally in...
I am neutral on direction from here - still could re-test 30, 28, 25. Or we could be done and start consolidating upwards. I think another re-test of at least 30 would be very healthy for the next leg up, but like I say, for me, there's no obvious direction for now and we seem to be in a holding pattern. Next 24 hours will hopefully give more direction, or we may...
There's been a few posts around USD selling pressure reversals and the impacts on BTC and I thought it may be useful to compare the two, especially for noobs. By inverting the scale on DXY, you can see the close correlation but hopefully it also helps understand the recent corrections and the bull run from 20k. The reversals generally coincide with the BTC...