$BTC | Analysis | DYOR

Take your time and read the initial post on Bitcoin. As I stated a second redistribution round unfolded. What are actions now? Well, there is no need to enter a position now guessing which way market will go first. It's too risky. We are currently in the middle of the range, around Fib 50%. As a reminder, institutions, banks, funds buy below Fib 50% and sell above. I highlighted areas where entering market is relatively safe. In other words wait until market wipes out liquidity pool and start looking for positions in the opposite direction. Low leverage and protective stop loss orders are your friends.

Be aware of news on Iran and Israel conflict, those are major factors that determine current market conditions.

Also check this post out. We can open a discussion there.