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Hey, guys,
local bitcoin update.
I was looking at two scenarios which are short and long.
The short scenario is not confirmed although locally it was possible to catch a short-term movement, but it is an intraday trade and the trigger was geopolitics at the time of Israel's retaliatory strike on Iran. The movement was bought back, which indicates the strength of the buyer.
Scenario on Long is confirmed, the zone of 64 thousand about which I spoke broke through and the price remains in the breakdown zone, this is a good sign of continued growth, so I believe that a good deal with a stop below 60 thousand and without leverage can pick up bitcoin in the range of 64-65 thousand with targets 67 -70-75 thousand.
Stay tuned.
LIVEPROFIT_PILOT
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#BTC #bitcoinhalving $BTC
Hey guys,
yesterday bitcoin tested 60K, but I'm not in a hurry to pick it up, as I don't like the reaction of the price, we had to rebound sharply and strongly, but it's going smoothly and not in a hurry.
At the moment I see several scenarios, as the market is giving double signals, halving in a few days, and the market may play a game of buy the rumors, sell the facts, as most retailers are still expecting growth on this event. But the metrics of the big players show a partial unloading. For example, spot ETFs are showing a third day of negative inflow and open interest in futures contracts is also showing a decline.
Long
1. For longs, we should wait for the breakdown of 64k - conservative.
2. We are also at the lower boundary of the sidewall, where a false breakdown of 60 thousand, and a sharp upward price move, this scenario is also possible, in this case we can consider an earlier entry - more aggressive.
Short
Since we are in a local downtrend, I will look for an entry point for the short, again, I do not plan to sell from the current level, but I will wait for a pin bar and a false breakdown of 64K, or a breakdown of 60K, in case of working out the price will test the zone of 57 and 55K. Always DYOR.
Stay tuned.
Hey guys,
yesterday bitcoin tested 60K, but I'm not in a hurry to pick it up, as I don't like the reaction of the price, we had to rebound sharply and strongly, but it's going smoothly and not in a hurry.
At the moment I see several scenarios, as the market is giving double signals, halving in a few days, and the market may play a game of buy the rumors, sell the facts, as most retailers are still expecting growth on this event. But the metrics of the big players show a partial unloading. For example, spot ETFs are showing a third day of negative inflow and open interest in futures contracts is also showing a decline.
Long
1. For longs, we should wait for the breakdown of 64k - conservative.
2. We are also at the lower boundary of the sidewall, where a false breakdown of 60 thousand, and a sharp upward price move, this scenario is also possible, in this case we can consider an earlier entry - more aggressive.
Short
Since we are in a local downtrend, I will look for an entry point for the short, again, I do not plan to sell from the current level, but I will wait for a pin bar and a false breakdown of 64K, or a breakdown of 60K, in case of working out the price will test the zone of 57 and 55K. Always DYOR.
Stay tuned.
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