BTC is hitting key support at just under $80,000
This is a good opportunity to expect a rebound back up to $100,000. Double bottom formation coming in nicely. Currently entering into my position and watching for a break under. Will keep stop tight as there is a fear of an extreme trend and sell off taking hold. Economic uncertainty and emotional buying and selling in today’s market can drive price in either direction HEAVILY. This being said i am currently looking for entries at major buy/sell areas and keep stops tighter than I normally would while also leaving room to leverage deeper into a trade under trending conditions.
Best of luck to you all and trade safe!
This is a good opportunity to expect a rebound back up to $100,000. Double bottom formation coming in nicely. Currently entering into my position and watching for a break under. Will keep stop tight as there is a fear of an extreme trend and sell off taking hold. Economic uncertainty and emotional buying and selling in today’s market can drive price in either direction HEAVILY. This being said i am currently looking for entries at major buy/sell areas and keep stops tighter than I normally would while also leaving room to leverage deeper into a trade under trending conditions.
Best of luck to you all and trade safe!
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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.