Today is that kind of day when you don’t want to play with l

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MihaiDanielBMK

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Today is that kind of day when you don’t want to play with leverage ! Today is a perfect day for spot, market is red, no worries, it will be green soon

Today is that kind of day when you don’t want to play with leverage ! Today is a perfect day for spot, market is red, no worries, it will be green soon 

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Do not short Bitcoin ( don’t short bitcoin with leverage) this weekend , if bitcoin pump back to 71.000$ short positions of over 1.4 billion dollars will be liquidated! Be smart

This could be a bear trap or a legit down leg, the market gets in the panic mode very quickly easy . As long as we are above 69.000$ we need to wait for a market confirmation. On 4 hrs and 1 hr charts for Bitcoin we have a bear flag which can take us to 67.000$ that zone is more solid as support then 69.000$

Relax don’t stress, for now bitcoin is on support area around 69.000$ but if we lose it we have a very strong zone of support around 67.000$ level. Bitcoin is in bull market but some altcoins are in bear market ( polkadot for example, arbitrum , portal )

You can be as bearish as you want but we are still in uptrend, this is not a bear market , just some long are flushed! First wait to have so serious downtrend confirmation, only when market close 24 hrs below 65.000$ we can look for real support levels. Remember when you panic sell there is a buyer there for your sell order

Don't panic! This sudden correction could be a short squeeze (long positions with leverage are liquidated), as long as we are above $65,000 we are in Bullish mode, it is not the first correction, nor the last, macro there are many more bullish narratives! Quiet evening

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