BTC - RETRACEMENT OCCURRED
we are exactly on the 21MA daily. Many are scared now, but until we hold this level, we can consider the movement as a normal and healthy retracement and the uptrend can continue. It was too violent to be "real". Also, long/short ratio (adjusted for the holders) reached levels lower than those during the 13th of March due to Covid today. Too much. I still think that a retest of the 12k-14k region will occur, but not immediately, not in November. I believe we still have some upward profit to squeeze.
As usual, I am operating exactly as I write. If you follow, ofc set a tight stop loss, but let some freedom of move (16.6k in my case) as this is a risky trade. No risk no gain. But calculated risk, always.
As usual, I am operating exactly as I write. If you follow, ofc set a tight stop loss, but let some freedom of move (16.6k in my case) as this is a risky trade. No risk no gain. But calculated risk, always.
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