Bitcoin possible capitulation
Updated
Hello!
Possible capitulation happening with bitcoin. We finally saw little bit more volume like in may 2021. We broke a key level ~28650 and after this (if you go to 1hr chart) you can see that there was some panic selling and volume under that level. (I'll add that)
Longs were liquidated, weak hands dropped and shorts trapped.
If the 28650 level and last lows 25400 are broken I am ready to defend my position
If you do take trades use stop loss or you will get your ass burned.
1st mistake novice traders too is not to use stop loss.
-Jebu
Possible capitulation happening with bitcoin. We finally saw little bit more volume like in may 2021. We broke a key level ~28650 and after this (if you go to 1hr chart) you can see that there was some panic selling and volume under that level. (I'll add that)
Longs were liquidated, weak hands dropped and shorts trapped.
If the 28650 level and last lows 25400 are broken I am ready to defend my position
If you do take trades use stop loss or you will get your ass burned.
1st mistake novice traders too is not to use stop loss.
-Jebu
Note
Note
If you look at BTC/USDT chart. There is actually little bit more volume than on this BTC/USD
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