Bitcoin - In the middle of the range
After a sudden drop from 12,000 a couple of days ago, the price has calmed down a bit and is now moving in the range between $11500 and $10800. Currently in the middle of it.
From the one hand, this sharp rejection could be a start of short-term bearish reversion, but on the other hand, it holds strong, constant prints of 120MM Tether, at least 3 days in a row and Dave Portnoy express a desire to understand today how to buy bitcoin (weak statement, but it could lead an army of Robinhood traders to the crypto.
Currently without a position, buying down wicks into $10800 zone and selling $300-400 higher, i.e small scalps with relatively small size.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
From the one hand, this sharp rejection could be a start of short-term bearish reversion, but on the other hand, it holds strong, constant prints of 120MM Tether, at least 3 days in a row and Dave Portnoy express a desire to understand today how to buy bitcoin (weak statement, but it could lead an army of Robinhood traders to the crypto.
Currently without a position, buying down wicks into $10800 zone and selling $300-400 higher, i.e small scalps with relatively small size.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
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