BitcoinLong
BTC Levels May 22
Updated
I'm watching limit orders go off between 35.5k and 39k. BTC bouncing between these levels. Caveat: many players think we see mid 20k sometime this summer, so if you are a trader, beware.
Sell program at 39k
Buyers coming in at 35k
Selling the past few days has been pretty intense, so let's watch sellers at 39k try to wear out the buyers at 35k - 35.5k
We want to see BTC get above 42k and consolidate to feel safer in creating a long position.
If you want to scalp I would play at these levels.
I have investment limit orders at the bottom of the range at 30k - 33.5k.
Sell program at 39k
Buyers coming in at 35k
Selling the past few days has been pretty intense, so let's watch sellers at 39k try to wear out the buyers at 35k - 35.5k
We want to see BTC get above 42k and consolidate to feel safer in creating a long position.
If you want to scalp I would play at these levels.
I have investment limit orders at the bottom of the range at 30k - 33.5k.
Note
TBH, I am not bearsish and it is hard to see institutions let their crypto book go negative. I think they protect that 30k line, but we'll see.
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