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Dip

BTC ready for last wave up? Wait for the dip to enterSo BTC has been performing very well and remained strong last week despite stock market downside. Currently BTC invalidated dead cat bounce theory and the higher probability is now running to ATHs. So far the price range is a bit extended, it would be ideal scenario to wait for the dip into 50-45k with invalidation close below 45k for better risk reward scenario. In trending markets usually its hard to get a perfect dip or position so the buy area is a bit wider than usual because of expected frontrun. At this moment funding rates are rising, meaning people coming back to aping into leverage trading therefore we could see some leverage flushes again so be careful using leverage.
Long
by TRDr11
2
Black Swan - Tinfoil Hat PlayWith the synchronized outages of social media platforms Facebook, Instagram, Whatsapp, & Twitter ... so far ... conspiracists have been saying for sometime to expect a national/global cyber attack that could create some sort of internet blackout. If this happens, I'd expect Bitcoin to crash to the predictive 1.5 fib that sits around 27.6k . Then the whales have filled up their bags giving the greenlight for a supercycle. I've deleveraged - I'm not expecting this to happen, but leverage isn't something I'd want to play around with when this social media outage could create a scare/flashcrash.
INDEX:BTCUSD
by Ungovernable
5
Another dip? Read this short summary of the marketAs mentioned in my previous post on BTCUSD, my final support level is on 41K ish... and it has proven to be so.. Even though it wick below a couples of time and close 1 time (4h) below it, it still manage to rise and close above it.. Looking at today's rally, if BTC cant consolidate above 43K, a test to the 0.5 and 0.618 fib level may be in play (The box) Looking at the current situation and dates, I think 41K and 42K might be the bottom (Candle close, not wick).. October is known for it bullish rally, so let's see how BTC will play then... Summary: Best case scenario: Bottom is in.. Medium case scenario: The bottom is not in.. and its now only a relief rally... Bottom then would be in 38K-ish according to previous fractal pattern... Worst case scenario (doubt will happen): Dip below 37K and testing previous low in 30k-ish... For now I am kinda 60-40 for best and medium case respectively... The worst case is kinda out of the picture considering current news, crypto implementation, and the month we currently in. And as always, this is not a financial advise... Comment what you think below
BITSTAMP:BTCUSD
by ZombieGod11
3
Market Crash? How about asking instead - what should I do? People sometimes get lucky or for whatever reason spends months or years trading with no defined system. When we get volatility like today all of a sudden they panic and can sometimes find themselves liquidating positions they may have built over months or which they may have entered yesterday. While this might be the appropriate reaction, the more important approach is to ask yourself what you should do based on your personalised system to trade the market - the system that gives you a trading edge. In this video I will explain to you the perspective one might take and even a specific example one could use to approach a day like today.
TVC:NDQ
by lemonaddy8
2