Quick update on BTC as of 12/11:
- This 85x zone is a small support area. If it doesn't break, BTC has the potential to conquer the psychological milestone of 90k before making a deeper adjustment due to panic selling.
- You can Long this zone with a stop-loss at 1000. The gain could be as much as 4-5k, so set the stop-loss a bit longer for safety.
- If it breaks 85x, BTC could drop down to the 81-82 range.
- Last night I was stuck in a significant short position at 86100, so I haven't had the mood to post today. I just managed to exit, feeling much better now.