I still have 27.2k as my ultimate target. However a spike up could bring us back to 42k. Based on the overall structure and price action of Bitcoin, I am leaning towards a move lower.
I am not shorting this market, as it is a very volatile and unpredictable market. We are still in an overall uptrend in a consolidation phase. Typically, shorting consolidation phases can be very risky. However, I am looking to load up on longs if and when we get to the 27k level.
I am not shorting this market, as it is a very volatile and unpredictable market. We are still in an overall uptrend in a consolidation phase. Typically, shorting consolidation phases can be very risky. However, I am looking to load up on longs if and when we get to the 27k level.
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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.