A wick on the daily and a close inside the rectangle could btc hold here and keep climbing, or could it fall down to the next support at around 37000 as it stays under the 100 Day MA currently.
i would be careful buying into btc seems like alot of volatility for leveraged traders id watch out for those big movements in both direction and set good SL and TP to catch short term trades there and if you have the liquidity or arent using much leverage i would look for long term buys in those 2 areas.
i would be careful buying into btc seems like alot of volatility for leveraged traders id watch out for those big movements in both direction and set good SL and TP to catch short term trades there and if you have the liquidity or arent using much leverage i would look for long term buys in those 2 areas.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.